61% of respondents are already evaluating, developing or offering crypto asset products/services

The HoFT Foundation, PricewaterhouseCoopers Luxembourg, with the active support of the Luxembourg Fund Industry Association (ALFI), has published a comprehensive market study on the crypto asset industry in Luxembourg. The report shows that 2021 will be an outstanding year for crypto assets. Bitcoin has reached a historic market value threshold, the NFT market has developed rapidly, and Bitcoin has been adopted as legal tender by a sovereign country for the first time. Enthusiasm and pragmatism around cryptoassets coexist in the financial services sector in Luxembourg: 61% of our respondents are already evaluating, developing or offering cryptoasset products/services. Thomas Campione, head of blockchain and crypto assets at PricewaterhouseCoopers Luxembourg, said that while the market has been volatile over the past two months, I expect 2022 to be the year of the crypto asset management industry in terms of global conditions and industry structure developments. critical year. It is vital that Luxembourg and the wider financial industry embrace this topic and not steer clear of it because of conflicting signals.