2021 Crypto Markets: Economic Prospects and Regulatory Hurdles

Co-founder and CEO of CMT Digital Colleen Sullivan retraces the events of 2020 in cryptocurrency markets and regulation and what’s to come in 2021 and beyond.  Bitcoin started 2020 with a three-year slump in prices. By December, however, growth was skyrocketing, thanks in part to the pandemic’s effects on markets earlier in the year. A proposed rule from Financial Crimes Enforcement Network (FinCen) has created uncertainty — people in the industry are worried about how the regulation might affect privacy rights, among other things.  This proposed rule has its issues, but regulation is not necessarily a bad thing, says Colleen…...