2019 Will See Entry of More Institutional Players in Crypto, Says Asia Fintech PwC Leader

Henri Arslanian, the Asia fintech and crypto leader of PricewaterhouseCoopers (PwC) Hong Kong, has predicted that many institutional players will enter the crypto industry in 2019. Arslanian made this claim during an interview with Bloomberg published on Dec. 24.

When asked about his outlook on crypto for the next year, Arslanian said that he thinks “there’s a lot of exciting things that the crypto ecosystem is looking forward to in 2019.” Arslain explained that he expects the next year to be different from 2018 because of the increasing regulatory clarity. Also, the Intercontinental Exchange (ICE), operator of 23 exchanges including the New York Stock Exchange (NYSE), announced that they plan to launch their Bakkt digital asset platform on Jan. 24, 2019.

 

Blockshow Asia’s apparent optimism

BlockShow Asia 2018 has come to an end in Singapore Thursday, Nov. 29, with most visiting experts predicting that cryptocurrencies and blockchain will fare better in 2019. According to the BlockShow team, 2,800 people attended the two-day conference, including potential investors who participated in EXP20 — a business pitch competition for startupsannounced shortly before BlockShow Asia. More than 50 speakers from various crypto and blockchain projects participated in the event’s discussion panels. On the first day, experts discussed the Chinese crypto ban, decentralized networks for artificial intelligence (AI), and blockchain technology’s impact on ecology and gaming sector. Alexandre Dreyfus, CEO of sports blockchain venture chiliZ, tweeted last week.

Fortification – New enterprise for blockchain management

Any strong structure when set up requires alot of regulation and proper management for it’s functioning and growth. Likewise, blockchain management forms the backbone of the cryptocurrency transactions. Ripplenet is one of the fastest growing cryptocurrencies in the market. They are adding the fifth largest blockchain bank in the south east Asian region. Ripple plans to do it by partnering with CIMB, a Malaysian banking institution. Ripple constitutes a heft share in the market. CIMB is partnering with it to provide easy remittance and speed transaction sevice. This move of Ripplenet could promote its growth rapidly.