The state of the cryptocurrency industry at the end of 2022

Last year was unusual for the cryptocurrency industry, during which the most critical cryptocurrencies fell, in addition to the bankruptcy of one of the most influential exchange platforms in the crypto market, known as FTX. Here's where you may get additional information about crypto trading: bitcoinmillionaire-pro.com/.

The uncertainty that was seen in the users of digital currencies was very excessive since they did not believe that they would be able to get out of the crypto winter in a shorter time than they have because it is currently gratifying to observe the statistics and values in the price of crypto assets in the markets.

The collapse of the crypto market in 2022.
Some experts in the world of cryptocurrencies consider that many factors favour the times of bearish trends to acquire these coins to wait for the good moments of revaluation and increase to appear.

The fall of FTX was a very unexpected situation for all users, and was also the reason for some exchange platforms to experience the same position; from these bad experiences, organizations were developed which must be attached to the regulation regulations and present as translucently as possible the services it provides for the user population.

When establishing those protecting cryptocurrencies within these platforms, a union must be confirmed with specialized entities to provide a safe and transparent service, thus avoiding bankruptcies.

Regulation is an issue that should be taken seriously.
Communication plays a vital role since there must be a good dialogue between traders and regulators to reach satisfactory agreements for both parties and third parties.

Argentina is a country that has been shown as an example because it opened up to dialogue and the opportunity to study the regulations to achieve transcendence in the cryptographic environment.

One of the most important rules to becoming custodians of cryptocurrencies must be to be part of the Financial Intelligence Unit since it is the one who monitors and prevents assets, whether fiat or digital, from being involved in illegal activities such as money laundering.

There are many points that regulators must discuss very carefully with the AFIP to establish, in the best possible way and with transparency, the rules to follow in the operations and activities carried out around digital currencies.

The CEO of Let'sBlt, an excellent and essential platform in LatAm, expresses that defining a regulatory standard for the crypto market is a perfect strategy since it considerably encourages the growth and development of the cryptographic organization to offer thus a satisfactory service in terms of finances and technology.

Emphasizing in the same way that the most crucial point that must be addressed in the regulation is preventing the use of cryptocurrencies in illicit environments and businesses.

Exchange benefits from the regulation issue.
With these new regulatory measures, the exchange platforms, subject to the laws and regulations of the institutions that monitor them, make them very striking organizations to carry out ongoing operations.

It only remains to improve the interaction of the exchange platforms with familiar financial companies since many are under regulation and others are not. It causes disagreement, generating inconclusive information on the transactions, that is, a minimum data return.

Conclusion:
2022 was not a very productive year for cryptocurrencies, but despite the many irregularities they suffered, today, they are managing to rise from an abyss that seemed to consume them.

The New Year has seen a takeoff for cryptocurrencies, suddenly marking upward trends thanks to its different behaviour compared to a few months ago when FTX fell.

After closing the year with reasonable expectations, the future of cryptocurrencies seems promising. However, only a slight increase is expected, but their market stability would already be very profitable.

Many users are already showing themselves to be receptive to this form of digital commerce that will become part of the world economy, providing inclusion to everyone within the financial system.

Thanks to technology and the acceptance of people, cryptocurrencies have become a new trend in the markets, showing that the total systematization of financial processes is possible, allowing a revolution in the way of trading goods and services from anywhere in the world at the desired time.