[Blockchain Today Reporter Park Yo-han] According to KPMG, a global comprehensive accounting consulting group with member companies in 144 countries around the world, it has been confirmed that more than $30 billion has been invested in cryptocurrency projects over the past year. This is a significant increase from the $5.4 billion in 2020.
Citing KPMG’s fintech report on the 8th (US time), Crypto Potato, a media specialized in cryptocurrency, surprisingly raised awareness of the potential of cryptocurrency in the fintech field in 2021, and traditional institutional investors are turning to financial services. He said that it was a year when he seriously considered the role of cryptocurrency.
In the report, KPMG said, “In 2021, investors are truly beginning to adapt to the blockchain space, opening up not only the present value of the current blockchain, but also the possibilities of tomorrow. Additionally, there is growing interest in the wide range of opportunities that blockchain offers, and regulatory technologies and cybersecurity are only part of the industry exploring cryptocurrency solutions.”
He also analyzed that 2021 was a year in which countries around the world differed greatly in the way they regulate cryptocurrency assets. Unlike Western countries that have welcomed cryptocurrency innovation, China has banned all cryptocurrency assets, and India has also taken steps to introduce a ban on cryptocurrency payments.
In conclusion, the report predicts that 2022 will be a year in which interest and investment in cryptocurrencies continues to grow from both retail and institutional investors, and Brian Heaver, Managing Director of KPMG, said, “2021 will be the most exciting year in the history of cryptocurrencies. It was an important year.”
In the report, KPMG predicted that cooperation between cryptocurrency-related companies and regulatory agencies in each country would increase. He also said, “Stablecoin issuance will also start to become more transparent with respect to reserves. We will be busy to find out,” he said.
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