Kroll’s 2022 anti-bribery and corruption (ABC) survey results regarding blockchain and cryptocurrency (crypto) align with the geographic and sectoral evolution of the regulatory landscape around digital cryptographic protocols and processes for the flow of data and assets.
News about a blockchain and crypto industry “race” keep gathering, with global investments in the sector reported to have reached over USD 30 billion in 2021.1 The use of blockchain as part of an ABC program holds in the balance at 52% against 48% of respondents worldwide not planning to use it (31%), unsure (7%) or not knowing how it could be used as part of their organization’s ABC program (10%). Among those who confirmed the use of blockchain as part of ABC programs (52%), 24% indicated that their firms were using blockchain, with an additional 29% stating that while not using it yet, their organization was planning to use it as part of their ABC program in the future. These survey results demonstrate a...
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