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4 major results from KPMG Pulse of Fintech Research

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According to KPMG's new Pulse of Fintech report, more than $30 billion in investments streamed into the crypto and blockchain industries in 2021.

Since the beginning of 2022, the market view has been bleak as Bitcoin (BTC) and altcoins have paused, attaining new all-time highs. While the market appears to be resting, its path indicates that there is more to look ahead to in the upcoming months.
KPMG, a multinational professional services network, has released its semiannual Pulse of Fintech report, in which the company observes and evaluates innovations and investments in the financial technology field. The report emphasized the most important developments in key regions such as the Americas, Asia Pacific, and EMEA, and also the "surging interest" in crypto and blockchain last year.
Though the extent of the report is wide, one of the major aspects is cryptocurrency and blockchain. The following are the key takeaways from KPMG's Pulse of Fintech report.

Crypto and blockchain have attracted over $30 billion in funding
Investment in the crypto and blockchain field increased from $5.5 billion in 2020 to over $30.2 billion in 2021. This indicates that more firms have realized the vital role of crypto and related technology in current financial systems.
Brian Heaver, a managing director at KPMG, believes that 2021 is a breakthrough point for crypto adoption.
“There’s an incredible number of companies trying to do a lot of things in the crypto and blockchain space right now — and while we don’t know where all their efforts are going to land, there’s a ton of curiosity and interest in the possibilities.”

Despite the move in Asia-Pacific, RegTech focused on crypto
Even after China's official ban on crypto, KPMG states that technology that helps regulate cryptocurrency has been "a relatively hot area of investment." The firm expects further investments in regulation technology (regtech) solutions-oriented on cryptocurrencies to be made in the future.
According to KPMG International's global head of RegTech, Fabiano Gobbo, this may find its route to Europe.
“While the United States continued to attract the vast majority of investments in RegTech, Europe is well-positioned to see growth heading into 2022.”

Increasing number of blockchain application cases    
As investors have become more aware of blockchain in 2021, interest in its multiple use cases increased. The "universe of blockchain applicability," as per KPMG, will grow in 2021. The year has seen an increase in interest in a diverse variety of blockchain applications, including multi-jurisdictional blockchain use cases for data, research, and analysis.
As a result of the rising use cases, the firm believes that crypto will draw "investors of all types," involving retail investors and also corporate and institutional investors.

Singapore-based crypto investments increased more than 10x
Crypto investments in Singapore increased considerably in 2021, as reported earlier. Last year, the global crypto hub received a stunning $1.48 billion in crypto-related investments.
This is a significant increase from the previous high of $110 million set in 2020. In 2021, the region's crypto investments represented 5% of total worldwide crypto investments. It also accounts for one-third of all investments in the country's fintech sector.
KPMG Singapore's head of financial services advisory Anton Ruddenklau believes Singapore drew investors who were interested in China but were turned off by the crypto restrictions.
“Singapore and India could be big winners on the investment front as investors and companies that might have gone to China look for opportunities elsewhere in the region.”




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