Cryptocurrencies have been in the spotlight over the past few months, with many coins reportedly at all-time highs. As of October 12, cryptocurrencies had a market capitalization of about $2.3 trillion, according to data provided by CoinGecko, which tracks 9,653 coins. Bitcoin alone accounted for about a trillion of the value, with its price rising more than 400% over the past year.
This, along with better regulations and a developing ecosystem around the world, has helped to improve global and local sentiment on cryptocurrencies, says Aaron Tang, Malaysia country manager of Luno, a Digital Asset Exchange (DAX).
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