Half of UK wealth advisors say most clients’ crypto sits outside their oversight as 61% of European peers face firm restrictions: CoinShares

A recent CoinShares survey reveals that half of UK wealth advisors are concerned as most of their clients' cryptocurrency holdings remain beyond their direct oversight. This contrasts sharply with European counterparts, where 61% face strict regulatory constraints on crypto dealings. The lack of oversight raises questions about the advisors' ability to manage risks effectively, potentially leading to greater financial instability. This situation underscores the need for clearer regulatory frameworks and better integration of crypto assets into traditional financial advisory practices.