Dante Dispart, Head of Strategic Development at Circle, shared his opinion on the developments in the cryptocurrency sector over the past year and the prospects for the industry in 2023.
In a post on the World Economic Forum (WEF) website, Dante Disparte noted the growing use of cryptocurrencies in the financial services sector. According to the specialist, the ongoing bearish trend in the cryptocurrency market, the bankruptcy of several crypto lenders and the collapse of the FTX exchange could subsequently be a boon for the industry, as these negative events will lay the foundation for more responsible and affordable investments.
Circle’s top manager also added that digital assets and blockchain will still remain indispensable tools of the economy, despite the terrible events in 2022, which do not indicate a crypto winter, but a whole “ice age” for the industry. However, despite these setbacks, many major banks and financial institutions will continue to introduce cryptocurrencies into their product lines, Dispart said.
In February, Circle joined the Crypto Market Integrity Coalition (CMIC), an alliance set up to boost government confidence in the crypto industry. At the time, Dispart said that this would set standards that would regulate cryptocurrencies and protect the interests of users.
Source: CryptoNewsHerald.com
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