PwC presents 2019 crypto trends in a flash, predicts “institutional involvement”
According to Henri Arslanian, the Asia fintech and crypto leading expert at PricewaterhouseCoopers (PwC) Hong Kong, the future for cryptocurrency in 2019 is bright.
As the main important change to come to the crypto ecosystem, Arslanian pointed regulatory clarity. There are a lot of countries that have already adopted the cryptocurrency industry in Europe, including Malta, Switzerland, Belarus, but there will be more developments in the regulatory framework in Americas and Asia, too.
Arslanian also cites that more banks will enter the space, some by launching their own solutions, others by partnering or investing in the industry. In its turn, this involvement will bring an “institutional level of expertise” and therefore wider public adoption. Even while still heading to 2019, several major financial institutions have announced their plans on crypto. For instance, the world’s second-largest stock exchange, Nasdaq, has confirmed its plans to launch Bitcoin futures in the first half of 2019. Additionally, the International Exchange (ICE), which operates 23 exchanges, including the New York Stock Exchange (NYSE), announced their plans to launch their Bakkt digital asset platform as soon as on January 24th, 2019.
Headquartered in London, PwC is a national network of companies providing accounting, consulting and auditing services, and is the member of the “big four” accounting firms worldwide. Notably, their Hong Kong office started accepting Bitcoin (BTC) as a form of payment starting in 2017.