The report of the consolidated commission of the British financial authorities, the capitalization of Coinbase has increased fivefold. Every fourth American invests in cryptocurrency.
The report of the summary commission was published, which was supposed to create a “roadmap” in relation to cryptocurrency and blockchain. It says that the new technology will be of great benefit to the financial and other sectors of the economy.
Although it is necessary to carry out work on creating norms for regulating the sector, the country's economy is already benefiting from the blockchain. The authorities believe that it is not necessary to create barriers to new technologies. The study showed that criminal structures have minimal penetration into this industry, although there are certain risks. The commission includes representatives of Her Majesty’s Treasury, the Financial Supervision Authority and the Bank of England. The positive mood of the report allows us to hope for a more rapid development of the blockchain in the near future.
More about British Commission Report
Over the past year, the total capitalization of the Coinbase cryptocurrency exchange increased from 1.6 to 8 billion dollars. Profit for this time has increased to $ 456 million. Now the marketplace is negotiating to attract large investors for further development.
It is expected that the Tiger Global investment fund will be the key partner of Coinbase. From unofficial sources, information was received on the possible attraction of an additional $ 500 million. Over the past year, the number of exchange users in the United States has decreased by 80%. At the same time, the turnover has significantly increased, which makes it possible to speak about the increased interest of large players to cryptocurrencies.
Among Americans aged 24 to 38 years old with an income of $ 100,000 per year, one out of every four owns cryptocurrencies. This is evidenced by a study conducted by the agency Edelman. It is reported that another 31% of the respondents are carefully studying the possibilities of the blockchain.
Almost all study participants said they regret the late decision to purchase. At the same time, more than 75% said that the global financial crisis is only a matter of time. And then the cryptocurrency may again be the most reliable asset for storing capital.