Cryptocurrencies and the Offshore Financial Centres
In 2018, we published an article, "Rise of the Crypto Market" and predicted that in the coming years we would see "an increased number of Crypto fund launches, combined with volatile market conditions and expected life cycle of certain Crypto funds, we may see a large quantity of Crypto fund closure/liquidations in the not-too-distant future".
So what has happened since 2018?
Following the soaring heights achieved in late 2017/early 2018 when Bitcoin's (BTC) price had climbed to nearly US$20,000, the period between 2018 to January 2019 was characterised by a market correction, which saw BTC decline to US$3,500. Following 'the Crypto Winter' of 2018, the digital assets industry has seen a resurgence, with growth led by the adoption of digital assets by large institutional investors and BTC and other Alt Coins reaching new heights and nearing the values of 2017.
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