Forking headaches: Institutions are weary of entering crypto markets because of coin splits, KPMG analyst says-9.75

Crypto forks are holding back institutional investors from diving into the nascent digital coin market, says one KPMG crypto analyst.

“Dealing with forks and the implications of forks is a pretty significant concern,” Kiran Nagaraj, a managing director at consultancy firm KPMG, said in an interview. Nagaraj led efforts behind a recent report the firm put out Thursday on the institutionalization of cryptocurrency assets. The report was published the same day that bitcoin cash, a spin-off of the original bitcoin, underwent a much-anticipated hard fork.

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