In November 2021, the global cryptocurrency market hit an all-time high market capitalization of $3 trillion after the world’s two largest cryptocurrencies — bitcoin and ether — reached record highs. Its market capitalization has grown fivefold since November 2020, when it was only $578 billion.
With the global cryptocurrency market expected to grow at a compound annual growth rate of 11.1 percent to reach a whopping US$1.9 billion in 2030, the need for regulation and transparency is taking the industry by storm.
Blockchain and crypto assets are among the first decentralized global industries. Naturally, since the very beginning, there have been calls from some investors and companies with cryptocurrency platforms to establish a regulatory framework, both domestically and internationally, that protects investors without stifling innovation.
For further details see:
How Regulation in the Cryptocurrency Industry Protects Investors and De-risks Investments