FX.co ★ Crypto market getting warmer as crypto spring approaches

The spring has come and it gets warmer not only on the streets but also in the cryptocurrency market. Every day more and more experts say that the world of cryptocurrencies will meet the so-called “crypto spring.” Major cryptocurrency trading platforms and the fresh statistics show that the market is gradually heating. Analysts note that it is the adoption of crypto by governments that positively influences the market. Recently, many countries announced that they could regulate cryptocurrencies. This is very good news because it indicates that the legalization of digital money is actively expanding. This process has huge importance for investors who use virtual assets as a hedging tool amid the current geopolitical crisis. Notably, the British authorities have recently announced plans to integrate stablecoins (tokens pegged to fiat money) into the UK financial system. The government announced the development of a smooth regulatory regime for cryptocurrency trading including Bitcoin. In addition, the authorities encourage the development of blockchain-based decentralized autonomous organizations (DAOs).