61% of Luxembourg financial players to embark on crypto journey in 2022: PwC



In a bullish report launched by skilled companies agency PwC Luxembourg, 61% of 123 Luxembourg-based monetary gamers are “embarking or planning to embark on a crypto journey.”

The report comes scorching on the heels of competitor skilled companies agency KPMG Canada’s determination so as to add Bitcoin (BTC) and Ethereum (ETH) to its treasury. It seems the Massive 4 is warming as much as crypto.

Thomas Campione, blockchain & crypto-assets Chief for PwC Luxembourg, instructed Cointelegraph that “For a few years, conventional gamers have been taking a look at crypto-assets with skepticism.” He added {that a} doable mixture of “branding points” and a lack of know-how might have stymied development within the house up to now.

Nonetheless, the adverse sentiment could also be on the flip. Campione instructed Cointelegraph:

“It’s changing into clear nonetheless that 2022 shall be a pivotal yr in the case of crypto-assets administration.”

The report shares that the “charge at which the worldwide crypto-assets trade is simple,” and makes an attempt to make use of Luxembourg as a “lens” by means of which one can achieve a greater understanding of the nascent asset class.

The one Grand Duchy on the planet, Luxembourg is a tiny European nation that punches effectively above its weight within the monetary companies and blockchain industries. In 2021, the PM declared his need for Luxembourg to be the ‘digital frontrunner’ in blockchain.

OG’s within the cryptocurrency house will keep in mind that PwC Hong Kong started accepting funds in BTC in 2017. Campione instructed Cointelegraph that PwC Luxembourg started the identical course of in 2019.

Associated: Bitcoin value circles $44K as analyst asks, ‘Who stays to promote right here?’

Whereas the report cites vitality consumption, anti-money laundering issues and “regulatory fragmentation” as challenges dealing with the cryptocurrency trade; critically, one-fifth of the companies surveyed within the report already view “crypto-assets as a strategic precedence.”

Campione concluded:

“Considered that Luxembourg is the second funding funds hub on the planet, these outcomes clearly set the tone on what to anticipate out there within the very close to future.”



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 24,312.51
ethereum
Ethereum (ETH) $ 1,895.45
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 326.70
xrp
XRP (XRP) $ 0.380645
cardano
Cardano (ADA) $ 0.538501
binance-usd
Binance USD (BUSD) $ 0.999584
solana
Solana (SOL) $ 43.60
polkadot
Polkadot (DOT) $ 9.31
dogecoin
Dogecoin (DOGE) $ 0.071691
avalanche-2
Avalanche (AVAX) $ 28.87
staked-ether
Lido Staked Ether (STETH) $ 1,838.69
shiba-inu
Shiba Inu (SHIB) $ 0.000012
dai
Dai (DAI) $ 1.00
matic-network
Polygon (MATIC) $ 0.929189
tron
TRON (TRX) $ 0.070922
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 24,319.52
ethereum-classic
Ethereum Classic (ETC) $ 43.83
okb
OKB (OKB) $ 18.94
litecoin
Litecoin (LTC) $ 62.64
near
NEAR Protocol (NEAR) $ 5.85
leo-token
LEO Token (LEO) $ 4.71
ftx-token
FTX (FTT) $ 31.49
uniswap
Uniswap (UNI) $ 9.25
chainlink
Chainlink (LINK) $ 9.01
crypto-com-chain
Cronos (CRO) $ 0.152776
cosmos
Cosmos Hub (ATOM) $ 11.93
flow
Flow (FLOW) $ 3.09
stellar
Stellar (XLM) $ 0.126343
monero
Monero (XMR) $ 161.22
bitcoin-cash
Bitcoin Cash (BCH) $ 144.76
algorand
Algorand (ALGO) $ 0.367441
vechain
VeChain (VET) $ 0.033254
filecoin
Filecoin (FIL) $ 8.52
apecoin
ApeCoin (APE) $ 6.93
internet-computer
Internet Computer (ICP) $ 8.30
decentraland
Decentraland (MANA) $ 1.07
chain-2
Chain (XCN) $ 0.087903
hedera-hashgraph
Hedera (HBAR) $ 0.082033
tezos
Tezos (XTZ) $ 1.93
the-sandbox
The Sandbox (SAND) $ 1.33
quant-network
Quant (QNT) $ 125.93
axie-infinity
Axie Infinity (AXS) $ 18.72
theta-token
Theta Network (THETA) $ 1.60
elrond-erd-2
Elrond (EGLD) $ 66.80
lido-dao
Lido DAO (LDO) $ 2.76
aave
Aave (AAVE) $ 107.78
frax
Frax (FRAX) $ 0.998437
eos
EOS (EOS) $ 1.32
Shares