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Big Four accounting firm PricewaterhouseCoopers (PwC) A recent report shows that most of the field of encryption currency fund-raising activities were transferred from the Americas to Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC).
According to PwC's second "Global M & A and fundraising encryption currency report," 2019, fund-raising activities in the field of encryption currency decreased by 18% of the funds, and the funds are mergers and acquisitions (M & A) in the field of reducing by 40 %.
With the overall reduction in funds, the share of Asia-Pacific and EMEA is growing. Although the Asia-Pacific and Europe, Middle East and Africa accounted for 44% of 2018 financing and the total value of M & A transactions, but this proportion increased to 51% in 2019.
Over the same period, the American share of the total value of M & A transactions in fundraising and share declined from 55-48%.
This suggests that, compared with other regions, reducing the number of funds encryption currency more obvious areas of the Americas.
2018 and 2019 by area of financing and M & A value. Source: PricewaterhouseCoopers
importance of the Asia-Pacific and the EMEA region to further enhance
PwC is expected to continue to shift from the Americas to the region in this year, and pointed out that:
"2019, Asia-Pacific and Europe, Middle East and Africa to play in the global mergers and acquisitions and fundraising encryption currency area greater role. We expect this trend to continue in 2020. In particular, we would like to see the Asia-Pacific market and EMEA's family office more activities, the market turmoil seen as a good time to enter the market. "
Overall, PwC noted that with the latter company began to shift funds, currency encryption industry continues to mature in 2019. 2018, seed stage companies to raise 71% of the funds, while in 2019 the seed stage companies to raise 59% of the total capital.
Encryption fundraising company in the development stage (2018 and 2019) of. Source: PricewaterhouseCoopers
Encryption startup funds dry up
PwC data shows that not only encrypt the company's capital reduction, and start-up companies and early stage funds also reduced. As Cointelegraph reported in late 2019 that, after funding in this area reached a peak of $ 5.5 billion in 2019, to 2019, the inflow of funds encryption ecosystems less than $ 3 billion.
Twitter co-founder and CEO Jack Dorsey (he also founded the encryption monetary friendly payment company Square) recently announced an open-source Bitcoin (BTC) development grant program to help improve the ecological system.
From the article: www.b2bbattery.com
