In less than 20 years, the value of Bitcoin has soared from literally nothing to a market cap worth billions. While this is no small feat, and cryptocurrencies are finally gaining attention from the crowds, the biggest challenges for the crypto economy are still to come.

While Bitcoin, and cryptocurrencies overall, and more widespread today than ever, the path forward could prove challenging. We're going to look at the biggest challenges on crypto's road ahead.

KYC and Legal Requirements

KYC, or “Know Your Customer”, is a legal requirement for many businesses in many regions of the world, including the UK. For users hoping to stay anonymous, this is naturally a point of conflict. The fact that cryptocurrencies aren't governed by any centralised organisation means there is no compliance …