2022 went down as a difficult year for the crypto industry. We saw the fall of the Terra network in May, the high-profile collapse of crypto exchange FTX, and many companies left with little choice but to reduce their workforces. It would be easy to assume that the downturn affected all industry participants equally but this wasn’t the case. While many companies suffered, those focused on developing crypto solutions for real problems continued to grow. At the same time, regulation continued to dominate the agenda, a trend that is unlikely to change in the near term. 2023 will be vital in restoring trust in crypto and encouraging innovation and growth. Sendi Young, Managing Director of Ripple, predicts what to expect from the industry in the year ahead. Finance Monthly. F i nanc i a l Innov a t i on & F i nTech 45
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