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Woofun AI reports that a survey by digital asset services provider CoinShares reveals 52% of UK-based financial advisers cannot oversee the majority of their clients' crypto holdings. Among 261 European wealth management professionals surveyed, this figure stands in stark contrast to the 25% average across France, Germany, Italy, and Switzerland.
Furthermore, 61% of advisers across these EU nations confirmed their firms explicitly restrict digital assets or lack clear internal guidance on the matter.
Jean-Marie Mognetti, co-founder and CEO of CoinShares, argues that capital allocation has already occurred but remains unmonitored by those entrusted with management. He emphasizes that this opacity stems not from client unwillingness or knowledge gaps, but from restrictive firm policies. Mognetti characterizes this situation as a "firm-policy problem becoming a wrong-way risk" rather than a demand or educational issue.
Regulatory context provided by the UK's Financial Conduct Authority indicates that approximately 8% of the country's adult population currently holds crypto investments. In response to market dynamics, the watchdog recently proposed rules allowing authorized investment funds to allocate up to 10% of their portfolios to cryptocurrency exchange-traded notes.
Woofun AI data shows this regulatory shift aims to formalize exposure while addressing the oversight gaps identified in the private sector.
Political leadership changes in London may further influence the trajectory of national crypto policy. UK Prime Minister Keir Starmer resigned as Labour leader on Monday following internal party pressure, creating an opening for a recently elected member of parliament to assume control. Andy Burnham, former Mayor of Greater Manchester, won a seat representing Makerfield in a recent by-election and is now heavily favored to replace Starmer.
Burnham's potential impact on digital asset regulation remains uncertain at the national level, though his tenure as mayor included active support for the blockchain industry as an economic driver. The transition of power introduces a variable where past local advocacy could translate into broader federal strategy.