TOKEN2049 round-up: Outlook, trends and lessons to be learned

Posted: 11 November 2022 11:34 am
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TOKEN2049 London saw leading Web3 founders and executives give their take on where the world of crypto is headed.

The sold out 2-day event took place as the news concerning FTX’s potential bankruptcy broke. However, attendees remained optimistic about what Web3, blockchain and crypto can offer going forward.

The key message coming from speakers was that while the crypto bear market is likely to continue for a bit longer – and this may be a time of consolidation – there is still potential in blockchain technology and what it can facilitate. Also, crypto companies can utilise experience from other start-ups, such as risk management.

TOKEN2049 hosted speakers on the main stage at Magazine London, while those roaming the floor could glean more insights from experts presenting from the second stage.

Sit down with BCB Group

Finder caught up with BCB Group, which provides banking services for the digital asset economy as well as multi-currency transaction banking solutions.

CEO and founder, Oliver von Landsberg-Sadie, said that this crypto winter is different because of its scale. Companies will have to be prudent and show grit to come through the other side. For BCB Group itself, it will continue to build and expand its FX, yield and custody services, as well as keep its real-time response central to its client care.

In terms of the market, there is likely to be a movement towards global protocol standards and cross-juridical regulations. Finally, there are lessons to be learned from conventional wisdom in order to build better for a sustainable crypto future.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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