In a bullish report launched by skilled providers agency PwC Luxembourg, 61% of 123 Luxembourg-based monetary gamers are “embarking or planning to embark on a crypto journey.”

The report comes sizzling on the heels of competitor skilled providers agency KPMG Canada’s resolution so as to add Bitcoin (BTC) and Ethereum (ETH) to its treasury. It seems the Massive 4 is warming as much as crypto.

Thomas Campione, blockchain & crypto-assets Chief for PwC Luxembourg, advised Cointelegraph that “For a few years, conventional gamers have been crypto-assets with skepticism.” He added {that a} attainable mixture of “branding points” and a lack of awareness could have stymied development within the area previously.

Nevertheless, the unfavorable sentiment could also be on the flip. Campione advised Cointelegraph:

“It’s changing into clear nevertheless that 2022 shall be a pivotal yr relating to crypto-assets administration.”

The report shares that the “fee at which the worldwide crypto-assets trade is simple,” and makes an attempt to make use of Luxembourg as a “lens” by means of which one can acquire a greater understanding of the nascent asset class.

The one Grand Duchy on this planet, Luxembourg is a tiny European nation that punches nicely above its weight within the monetary providers and blockchain industries. In 2021, the PM declared his need for Luxembourg to be the ‘digital frontrunner’ in blockchain.

OG’s within the cryptocurrency area will do not forget that PwC Hong Kong started accepting funds in BTC in 2017. Campione advised Cointelegraph that PwC Luxembourg started the identical course of in 2019.

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Whereas the report cites vitality consumption, anti-money laundering issues and “regulatory fragmentation” as challenges dealing with the cryptocurrency trade; critically, one-fifth of the companies surveyed within the report already view “crypto-assets as a strategic precedence.”

Campione concluded:

“Considered that Luxembourg is the second funding funds hub on this planet, these outcomes clearly set the tone on what to anticipate available in the market within the very close to future.”