Business woman using tablet with cryptocurrency bitcoin link network concept Source: Adobe Stock.

Crypto has come a long way from its emergence in 2009, and is now well on its way to mainstream adoption. What started as a theoretical solution to some of the limitations of fiat currencies – offering privacy, reduced transaction and exchange fees, increased financial inclusion and decreased government interference – has grown into a global phenomenon, with the total global market capitalization of cryptocurrency reaching $3 trillion by the end of 2021, as TIME reported. The universe of cryptocurrencies has expanded from just 50 types of tokens in 2013 to more than 16,000 today, according to Statista, and fintechs and governments alike are getting into the game and introducing less volatile, dollar- or government-backed stablecoins.

And in a move signaling just how prominent digital currency has become, the Biden Administration recently issued an executive order calling for a coordinated, whole-of-government approach to regulating digital assets and ensuring that the financial services industry is equipped to manage them. The simple fact that regulators have taken notice indicates that they expect cryptocurrency to remain a fixture of the financial services ecosystem.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.