2024 Was The Year Of Breaking Through
CoinDesk, Monday, December 16th, 2024
EY's Paul Brody sees accelerated progress across the blockchain industry but warns speculative behavior on the fringes.
I will remember 2024 as the year blockchain broke through. The transformations started early and just kept coming. What's astounding to me is that at no time during this year did the overall direction or the market change. The only thing that happened was constant acceleration.
At the end of 2023, we already knew that 2024 was looking likely to turn out well. The European Union's Markets in Crypto Assets (MICA) act was going to come into effect. This created a legal framework for crypto-assets, real-world assets and stablecoins in Europe. We were already seeing business turn up across the region in anticipation of this transformation.