Cryptocurrencies have experienced a collapse in 2022, but regulation maturity and greater technological familiarity is supporting an upbeat outlook for decentralised technologies – despite the market price for digital tokens.
A White House executive order to lay out a national policy for digital assets should help boost credibility for cryptocurrencies, but concerns that decentralised finance technology can help evade sanctions still lingers for policymakers and investors.
Even if Bitcoin is embraced by other emerging economies, trade ties with China, volatile price swings, and the not-so-distant memory of a regional financial crisis may prevent cryptocurrency from ever taking off in Asia.
While Tesla’s move to add $1.5 billion worth of bitcoins to its books reflects a vote of confidence for cryptocurrencies in general, it has also led to questions by some investors over the value they place on these assets.
Amid a global regulatory clampdown, the founder of CoolBitx explains why compliance in the blockchain industry is exciting investors. Although a departure from the core values of privacy and anonymity, the lure of institutional cash is too important to pass up.