Accounting firm Pwc’s Hong Kong branch recently released a crypto insolvency report guiding crypto business owners on what to do “when things start to go wrong.” News.Bitcoin.com spoke to the crypto head of Pwc’s Asia operations, part of the team who released the report, on how he views the current cryptocurrency landscape, the factors that are causing crypto firms to become insolvent, and why he believes industry regulation is unavoidable.
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Why Crypto Business Owners Need Help Navigating Insolvency
It would appear that the industry has almost come to accept that most crypto businesses will experience financial mishaps at some point in their lifecycle, many before an MVP has even been released. Some companies even go to extreme lengths when faced…