According to the World Economic Forum (WEF), the winter of the cryptocurrency market in 2022 might be a turning moment for the sector. The WEF noted that, while acknowledging the importance of blockchain technology in the broader financial sector, the future of cryptocurrencies will be determined by the regulatory landscape. Insisting that dishonest individuals can still take advantage of the market, the WEF stated that jurisdictions that made an attempt to regulate the industry are likely to shape the future.