Crypto lending: Legal implications for taking security interests in cryptocurrency
May 25, 2022
On November 10, 2021, the global market capitalization of cryptocurrency reached US$2.95 trillion, shattering the first historic peak of US$835 billion set on January 7, 2018 (see https://coinmarketcap.com/charts/). Since last November, it has oscillated between US$1.5 trillion and US$2 trillion. This indicates three things: the cryptocurrency market has witnessed astronomical growth, it remains extremely volatile and cryptocurrencies are now a significant and permanent asset class.