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ARTICLE · 21 DECEMBER 2022

Market Intelligence Thought Leadership Award Winner

The Use Of Cryptocurrency For Legal (And Other) Service Providers

Harvey Law Group
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The Cryptocurrency market is growing rapidly. According to Allied Market Research, the cryptocurrency market will more than triple by 2030.

GlobalTechnology
Steve Corbin
Steve Corbin
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The Cryptocurrency market is growing rapidly. According to Allied Market Research, the cryptocurrency market will more than triple by 2030. Cryptocurrencies have grown considerably since Bitcoin started in 2009 as means for making peer to peer payments without the need for traditional banks following the 2008 global meltdown. Various other cryptocurrencies have followed thereafter and there are now more cryptocurrencies in existence than regular (fiat) currencies worldwide. As further evidence of cryptocurrency adoption, in June 2021 El Salvador's government approved the adoption of Bitcoin as legal tender.

Many investors are taking a considerable interest in cryptocurrencies and cryptography and are showing greater confidence in the underlying blockchain technology. As such, many of the well-established cryptocurrencies have now been purchased by institutional investors. The increasing rate of adoption and major gains experienced by early adopters (Bitcoin

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