The report added that numerous companies raised $100m+ funding rounds in the first half of the year, including BlockFi , Paxos , Blockchain.com , and Bitso .
According to the report, China is leading the Central Bank Digital Currency drive with its testing of said digital currency . In the first half of 2021, China expanded its pilot project to include salary payments for some workers in China’s Xiong’an New Area, the payment of subway fares, and the exchange of digital and physical currencies at two banks in Beijing.
The report added, “Cryptocurrencies continued to be a critical focus for some regulators, with widespread differences between jurisdictions as to acceptance and use. “During H1’21, China banned financial institutions and payments companies from providing cryptocurrency-related services, while El Salvador announced that Bitcoin would become legal tender in the country as of September 7, 2021.”
According to a report by Crypto.com, the number of global crypto users reached 221 million in June 2021, more than doubling the 2020 number.