It is a safe statement to make that many financial institutions have in recent years, been torn as to whether cryptocurrencies are an asset class. Analysts are polarised. This is unsurprising as, over time, cryptocurrency went from being widely seen as a conduit for money laundering into a serious proposition for investors. And it’s not just the novices that’ve hopped on board with the cryptocurrency hype, even large, established companies, including the likes of PayPal, which have in turn dabbled with the digital currency as a genuine form of payment.

Cryptocurrency regularly features in the news, and historically has been perceived as risky and a bit of an “unknown”. Crypto is evolving and for it to be seen as an asset class with efficacy, then transparency is key.

This isn’t surprising considering that throughout the course of recent history cryptocurrencies went from being regarded as a channel for money laundering to becoming a serious proposition for investors very quickly. It now is not just for the opportune amateur investors that’ve got caught up in the media hype as even big businesses and knowledgeable entrepreneurs including Elon Musk have their eyes on the digital currency and many consider it as a genuine form of payment as a result.

The world is undergoing a financial revolution, with the advent of blockchain technology and cryptocurrency establishing a new monetary paradigm from which there is no turning back. This revolution has profound implications for the relationship between individuals and financial institutions & states. If effectively implemented and appropriately regulated, this technology has the potential to empower individuals with true financial freedom.