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Crypto Diehards Say Slump ‘Is Bump In The Road’ Before Growth

The upcoming cryptocurrencies demand the execution of regulations and some more involvement by the large institutions.

The future of cryptocurrencies will demand for a greater regulation & more involvement by large institutions. Also, lower volatility and greater integration with traditional assets.

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This is according to panelists at the Bloomberg Crypto Summit held in London on Friday. The summit convened at the end of the year yet for the nascent crypto market. Among which more than $700 billion has been lost, to assess the damage and look ahead to 2019.

Importance of the execution of regulations

The two areas of growth comes from low-volatility tokens. Known as stable coins and so-called security tokens, digital contracts that represent ownership of assets such as real estate or stocks.

James Bevan, chief investment officer at CCLA Investment Management, said on a panel.

“I don’t regard this as an existential crisis, I just regard it as a bump in the road and institutional investors have had plenty of bumps in the road in conventional currencies and transaction systems.”

CIO at crypto fund Bletchley Park Asset Management, Lewis Fellas details that most trending coins in the world of crypto this year has a long run to go. Fellas elaborates some estimates that put the number of development projects at 120. They appear only in the start of the proliferation.

I think we’re just getting started, Fellas said. I can see a huge expansion.

As the crypto market enhances, regulation will be a static and widening feature of digital assets world in 2019. That is a great news to all the entrepreneurs and business owners lacking governments. As they can negotiate legitimacy on an industry rife with scams and manipulation.

In case of different jurisdictions adhering to lower standards as of others, some challenges may be imposed. Especially if they appear as the smaller countries that are undergoing proactive promotion themselves as a destination for crypto businesses, says Ryan Radloff, CEO of CoinShares.

Marieke Flament, global CMO at Circle Internet Financial Ltd says it is advantageous execute the crypto regulations. As the industries can learn from potential mistakes.

Furthermore Flament elaborates saying

It’s good to see some larger countries step through and show the route, but I would not discredit the work that others are doing, because if you have no one starting then everyone is waiting.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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