Institutional investors and wealth managers expect the current crypto correction to speed up regulation of the sector, according to a new survey by digital assets hedge fund manager Nickel Digital Asset Management.
Institutional investors and wealth managers expect the current crypto correction to speed up regulation of the sector, according to a new survey by digital assets hedge fund manager Nickel Digital Asset management.
London-based Nickel, which was founded by Bankers Trust, Goldman Sachs and JPMorgan alumni, commissioned a survey of 200 professional investors from across seven countries who collectively manage around $2.2 trillion in assets and found 88% agree the pace of regulation of the crypto and digital assets market will intensify.
Around a third (32%) strongly agree that the drive to regulation will accelerate as a result of the market sell-off, the study found.
More than three-quarters (77%) believe the drive to increased regulation will include the US, UK or European Union adopting a constructive stance on the crypto market in the next 12 months with just 17% believing the drive to regulation will mean major economies taking a negative view of the market. Around 7% expect the US, UK and EU to remain neutral.
The move to increased regulation is seen as positive by 78% of the professional investors questioned with 28% seeing it as a strong positive for the development of the sector.
