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A Coinbase Institute survey suggests crypto has become the financial starting point for most 16-25-year-olds in the UK, as digital assets become a powerful credibility test for political parties.The United Kingdom’s move to pause political donations in cryptocurrency is colliding with rising digital asset awareness among younger people, according to a new survey shared with Cointelegraph.
), has overtaken traditional banking products as many young people’s entry point to understanding money, risk and financial opportunity. Just 43% recognize a Stocks & Shares Individual Savings Account and 20% a Help to Buy ISA, reflecting what the report describes as a “crypto first, TradFi second” re-ordering of financial literacy.Coinbase’s vice president of international policy, Tom Duff Gordon, told Cointelegraph that the UK is “sitting on an estimated 1.3 million new voters” as the government advances legislation to lower the voting age to 16, adding that crypto is becoming an issue political parties need on their agenda.Nearly half of young people said they would trust a political party more if it showed an understanding of crypto and blockchain technology, while 26% said they were more likely to support one that backed pro-innovation crypto policy. More under-25s now recognize Bitcoin than any ISA, savings bond or other legacy savings product, with 65% awareness making BTC the most recognized financial product among this group.last week, Duff Gordon argued that crypto assets “hold out the prospect of perfect traceability,” with transactions recorded onchain and potentially far more transparent than fiat currency. Anti-Money Laundering and Counter-Terrorist Financing rules, and suggested requiring political crypto donations to flow via FCA-registered companies, with the same caps and permissibility rules that apply to cash. In his view, the pause risks perpetuating stigma around crypto and delaying a more proportionate regulatory approach.For politicians, the message is becoming harder to ignore. The right honourable Alun Cairns, former Cabinet minister and vice-chair of the Blockchain All Party Parliamentary Group, told Cointelegraph that a new generation of voters is coming through with “fundamentally different expectations about money, technology and opportunity,” and that they will “reward those who understand that shift.” He said that digital assets and financial innovation are becoming central to winning over upcoming generations, and that “as a Conservative, my party needs to keep pace with changing demographics.” The survey also found that around two-thirds of young people want the government to offer financial education on crypto, while 43% said they would trust a party more if it embraced new technology like crypto, rising to 58% of Reform and 46% of Labour voters. Crypto supporters, Duff Gordon added, are an “influential constituency,” and parties that fail to engage with them risk losing relevance with future voters.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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