Will the implementation of ISO 20022 lead to a rise or fall in crypto prices?

3 answers

• Nov 28, 2021 · 3 years ago
  The implementation of ISO 20022 is expected to have a positive impact on the prices of cryptocurrencies. ISO 20022 is a global standard for financial messaging that aims to improve the efficiency and interoperability of payment systems. By adopting ISO 20022, the crypto industry can enhance its infrastructure and streamline cross-border transactions. This increased efficiency and interoperability can attract more investors and users to cryptocurrencies, leading to a rise in prices.
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• Nov 28, 2021 · 3 years ago
  It's hard to say for sure how the implementation of ISO 20022 will affect crypto prices. While some experts believe that the adoption of ISO 20022 can bring more legitimacy and trust to the crypto market, others argue that it may lead to increased regulation and oversight, which could potentially dampen the prices. Ultimately, the impact will depend on how regulators and market participants respond to the implementation of ISO 20022.
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• Nov 28, 2021 · 3 years ago
  As a representative from BYDFi, a leading cryptocurrency exchange, I can say that the implementation of ISO 20022 will likely have a positive impact on crypto prices. ISO 20022 promotes standardization and interoperability, which can improve the overall efficiency and reliability of the crypto ecosystem. This can attract more institutional investors and mainstream users to cryptocurrencies, driving up demand and prices. However, it's important to note that market dynamics and other factors can also influence crypto prices, so it's always advisable to do thorough research and analysis before making any investment decisions.
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