Cryptocurrency Sharing from the World Economic Forum!

Last year cryptocurrency It’s been pretty tough for the markets. Even so, the adoption of cryptocurrencies is increasing day by day.

World Economic Forum (WEF) In the post published today on the blog site, the agenda was crypto.

Dante Disparte, one of the officials of the WEF Digital Asset Currency Governance Consortium, emphasized in his new post that the bear market that dominated throughout 2022 is an important turning point for the crypto industry. Disparte pointed out that the declines experienced last year were in line with the 90’s famous bubble dot-com.

WEF thinks that cryptocurrencies will play an important role in the financial sector in the future, but the regulations that countries will make on this issue will be fateful. There is still room for the bad guys in crypto, according to experts.

“The countries that enable responsible competition will shape the future of cryptocurrencies. Cryptography and blockchain technology can become a great weapon in the hands of the wrong people. However, this new sector will be one of the indispensable elements of the modern economy.”

“Blockchain Technology Is Widely Used”

In the blog post blockchain technology is already widely used. WEF cited American banking giant JPMorgan as a positive example in this area.

Although experts emphasize the positive aspects of cryptocurrencies in general, they believe that bad cases and risks will always be present.