A majority of Luxembourg investment company plan to include crypto assets in their products
PwC Luxembourg recently published a report sharing a number of special and above all positive findings. According to the’ Big Four’ accounting company, a majority of financial institutions in Luxembourg will take the first steps to enter the crypto industry in 2022.
The report by PwC Luxembourg shows that the adoption of cryptocurrencies is actually only in its infancy at the moment. There is a chance that in the coming year the adoption of the crypto sector can really gain momentum.
According to the report, financial players in Luxembourg are currently in large numbers seriously looking at a possible entry point. In a survey that was conducted within the financial industry in Luxembourg, it came out that a large majority have plans to embrace crypto.
At least 18% of those surveyed indicated that they already saw crypto assets as a strategic priority for their company at the moment. Another 43% indicated that this is not the case at the moment, but that this will most likely change in the next two years. Only a minority of 39% indicate that they do not expect crypto assets to become a priority for their business.
61% of those surveyed have concrete plans or are considering embarking on a ‘crypto-assets journey’ during the next two years. The results of the report can therefore be called downright bullish.
PwC is one of the Big Four accounting companies in the world. Remarkably, another company within this exclusive group, namely KPMG, recently announced that the Canadian branch of the company had taken both bitcoin (BTC) and Ethereum (ETH) on the balance sheet.
The fact that these accounting giants are actively interfering in the world of crypto can be called particularly positive. These companies have a huge influence in the financial world. They can give the example to numerous companies that the crypto industry may still be worth considering in the short term.