2 years ago
The Big Four subordinate PwC Luxembourg dropped a compelling study connected crypto-asset intentions, ownership and challenges.
In a bullish report released by nonrecreational services steadfast PwC Luxembourg, 61% of 123 Luxembourg-based fiscal players are “embarking oregon readying to embark connected a crypto journey.”
The study comes blistery connected the heels of rival nonrecreational services steadfast KPMG Canada’s determination to adhd Bitcoin (BTC) and Ethereum (ETH) to its treasury. It appears the Big Four is warming up to crypto.
Thomas Campione, blockchain & crypto-assets Leader for PwC Luxembourg, told Cointelegraph that “For galore years, accepted players person been looking astatine crypto-assets with skepticism.” He added that a imaginable operation of “branding issues” and a deficiency of knowing whitethorn person stymied maturation successful the abstraction successful the past.
However, the antagonistic sentiment whitethorn beryllium connected the turn. Campione told Cointelegraph:
“It is becoming wide nevertheless that 2022 shall beryllium a pivotal twelvemonth erstwhile it comes to crypto-assets management.”The study shares that the “rate astatine which the planetary crypto-assets manufacture is undeniable,” and attempts to usage Luxembourg arsenic a “lens” done which 1 tin summation a amended knowing of the nascent plus class.
The lone Grand Duchy successful the world, Luxembourg is simply a tiny European state that punches good supra its value successful the fiscal services and blockchain industries. In 2021, the PM declared his tendency for Luxembourg to be the 'digital frontrunner' successful blockchain.
OG’s successful the cryptocurrency abstraction volition retrieve that PwC Hong Kong began accepting payments successful BTC in 2017. Campione told Cointelegraph that PwC Luxembourg began the aforesaid process successful 2019.
Related: Bitcoin terms circles $44K arsenic expert asks, ‘Who remains to merchantability here?’
While the study cites vigor consumption, anti-money laundering concerns and “regulatory fragmentation” arsenic challenges facing the cryptocurrency industry; critically, one-fifth of the businesses surveyed successful the study already presumption “crypto-assets arsenic a strategical priority.”
Campione concluded:
“Taken into information that Luxembourg is the 2nd concern funds hub successful the world, these results intelligibly acceptable the code connected what to expect successful the marketplace successful the precise adjacent future."
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