In terms of real, attributable numbers, though bitcoin appears stratospheric in the press, the truth is cryptocurrencies generally and bitcoin in particular are hardly dominating financial affairs. Crypto has a way to go yet.
This year, in fact, University of Cambridge Judge Business School released its Global Cryptocurrency Benchmarking Study. The 115 page report is an exhaustive snapshot of roughly where bitcoin was/is in 2016 as detailed by Cambridge Centre for
Its findings include: between 2.9 and 5.8 million active wallet users; at least 1,876 people are working full-time in the cryptocurrency industry. And of course these numbers have jumped in 2017, but nothing on par with the scrutiny and negative press-coverage being heaped upon the ecosystem even if we assume ten-fold increases since.
Nevertheless, UK regulators are aiming specifically at the heart of bitcoin’s relative anonymity, according to Economic Secretary to the Treasury Stephen Barclay. “The UK government is currently negotiating amendments that will bring virtual currency exchange platforms and custodian wallet providers into Anti-Money Laundering and Counter-Terrorist Financing regulation, which will result in these firms’ activities being overseen by national competent authorities,” Mr. Barclay wrote.