The exponential growth of institutional and retail investor interest in the crypto markets has led to the inevitable need to reposition existing financial regulatory frameworks to incorporate supervision of digital asset markets. With the recent bitcoin surge back to above $10,000 per bitcoin, it is evident that crypto markets have become too substantial and accessible to the public for regulators to not intervene.
Crypto markets are currently faced with significant operational challenges, leading to undermined investor confidence. Perhaps most notably, in recent years numerous serious cyber security breaches have been widely reported on, with hackers infiltrating crypto exchanges, stealing millions of dollars’ worth of virtual currency. What is more, some exchanges have been involved in deceptive and predatory practices, market manipulation and insider abuses. Recent research conducted by TIE shows that as much as 75% of cryptocurrency exchanges are reporting dubious volumes.
KRM22’s Global Risk Platform provides applications to help you address your firm’s regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile. KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world’s major financial centers.