In this month’s episode of Looking Back Looking Forward, Professor Douglas Arner discusses the Crypto Winter and its impacts on financial services, from the volatilities in Bitcoin holdings to the collapse of major banks across the globe. The use of new technologies may not only thwart criminal activities on such platforms but may also monitor their positions and promote supervisory operations and communications. Professor Arner also emphasises the need for licensing, regulation and disclosure standards to prevent future failures in both crypto markets and traditional financial services.