Global network Audit, Tax and Advisory Firm, KPMG has revealed that investment in blockchain and crypto in the first half of 2021 has surpassed by 100 per cent all 2020 investments in blockchain and crypto.
The firm’s ‘Pulse of Fintech H1’21’ report disclosed this, stating that investments in crypto have soared past the previous annual record high set in 2018.
The report read, “Key Q2’21 highlights in the crypto and blockchain space include: Evolving nature of investors. As the blockchain and crypto sector has matured, so has the nature of its investors.
“In H1’21, a significant amount of institutional money flowed into the crypto space, highlighting the broadening of the investor base.
“Investor awareness and knowledge of the sector is growing, with investors now having a much better understanding not only about crypto assets, but also the operational and procedural side of crypto – from custody and storage to storekeeping and the competitiveness and maturity of service providers. Increasingly Hot VC market VC
It further stated, “Cryptocurrencies continued to be a critical focus for some regulators, with widespread differences between jurisdictions as to acceptance and use.
“During H1’21, China banned financial institutions and payments companies from providing cryptocurrency-related services, while El Salvador announced that Bitcoin would become legal tender in the country as of September 7, 2021.”