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FAQ: PwC's Expansion into Crypto Amid Regulatory Changes
TL;DR
PwC's expansion into crypto offers firms a competitive edge by leveraging new U.S. regulatory shifts for institutional crypto engagement.
PwC is expanding its crypto involvement due to recent U.S. policy changes that have altered the risk calculus for major institutions.
PwC's increased crypto engagement helps legitimize the sector, potentially fostering broader adoption and innovation for a more inclusive financial future.
One of the world's largest accounting firms, PwC, is making a sharp turn from caution to actively expanding in the crypto sector.
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The content discusses PwC's decision to expand its involvement in the cryptocurrency sector, marking a significant shift from its previous cautious approach due to changing U.S. regulatory policies.
PwC's leadership states that recent changes in U.S. policy have altered the risk calculus enough for major institutions to engage more openly with crypto-related work, making the sector more viable for professional services firms.
This expansion signals a sharp turn from the cautious stance PwC maintained for years regarding cryptocurrency involvement, indicating a major shift in their risk assessment and business strategy.
Crypto industry actors like BitMine Immersion Technologies Inc. (NYSE American: BMNR) will most likely welcome PwC's involvement as it would help broaden the sector's professional infrastructure and credibility.
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