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According to the central bank of Peru, digital currencies pose a risk to investors because they are subject to high volatility and are vulnerable to fraud and the application of illegal financial activities. November last year, the central bank of Peru released a warning announcing that cryptocurrencies do not have the support of central banks as they are risky investments. Peru’s central bank made this announcement at a time when the cryptocurrency industry was going through...

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Currently, the crypto market is primarily speculation-driven as retail investors choose startups based on their ability of their crypto product to add value. Cryptocurrencies are becoming essential to the global market. According to KPMG, they are indeed vital, but will take time before they reach their full potential. Because of their nature and unpredictability, KPMG  suggests virtual currencies will need the input of institutional investors to flourish in future. Institutional investors such as hedge and grant...