HH Cryptocurrencies ‘Come Of Age’ As Bitcoin Turns 10?

“The report’s proactive and pragmatic approach towards regulation of the burgeoning sector should be championed.

“It is a sector in which there is a clear need for a robust international regulatory framework and ongoing supervision in order to further protect both retail and institutional investors, as well as to help tackle illicit activity.”

The Taskforce’s report affirms: “The government, the FCA and the Bank of England will continue to be actively involved in international efforts [on regulation], and the UK will be a thought leader in shaping future regulatory approaches.”

Last week, the deVere CEO noted in a media statement: “There’s an ongoing shift away from fiat money, and the momentum of this is only set to increase over the next 10 years.

“The pace of mass adoption will speed-up and the cryptocurrency market cap can reasonably be assumed to reach at least 5000 per cent above its current valuation over the next decade.”

Today the cryptocurrency market is worth more than $400 billion, meaning it could reach the $20 trillion mark by the deVere CEO’s prediction.

Mr Green concludes: “As Bitcoin moves into its second decade and as authorities globally seek to harness the enormous potential of cryptocurrencies, it’s clear the market is, unquestionably, coming of age.”

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