Original title: the total amount of virtual currency sales jumped in 2018, but the monthly growth trend slowed down
Beijing time June 5 morning news, this Monday, financial technology data provider automous next released a report, so far this year, virtual currency sales have soared to 9.1 billion U.S. dollars, more than 6.6 billion U.S. dollars in 2017, but the company said that if the two products are excluded, the monthly trend has actually slowed down.
Around the world, digital technology startups are raising money by selling cryptocurrency or tokens to bypass intermediaries such as banks or venture capital firms.
Among the total sales of $9.1 billion reported by automous next, two virtual currencies, telegram and EOS, have reached sales of $1.8 billion and $4 billion respectively this year. "If you exclude the sales of these two currencies," says Au tual next, "the total monthly sales of virtual currencies this year was US $560 million, peaking at US $1.5 billion in December 2017. '
Market participants said that due to different accounting methods, the sales figures of EOS were distorted because the sales cycle of the virtual currency was one year rather than one-time sale.
In its report, Au tual next pointed out that "sales of token products have been hampered by continuing regulatory uncertainty, tax burden and lack of tangible progress in software adoption by mainstream consumers. '
Led by the securities and Exchange Commission of the United States (SEC), regulators around the world have issued rules or guidelines, causing investors to stagnate and hindering the issuance of new virtual currency products.
The SEC has begun to crack down on companies that defraud investors of their money through initial token offerings (ICOS) and issue subpoenas to companies that raise large amounts of cash.
Still, Au tual next believes the regulatory uncertainty will soon be resolved.
The data provider said: 'even if Western regulators confine this space to a small box, there are still many legal jurisdictions that want to emulate Delaware. Previously, Delaware issued a new law to protect the digital assets of the parties.
Many of last year's token projects were built by start-ups, autonomy next said in its report. This year, some small and medium-sized enterprises with 50 to 250 employees are digitizing some of their assets.
The company predicts that 'next year, people will see more digital currency items coming into the market. '