In the first episode of Series 2 of Looking Back Looking Forward [https://youtu.be/_XRxLxFPlH0], Professor Douglas Arner looked at the big picture trends for finance, technology and regulation in 2021. In this Episode 2, he focuses in on one of these: how cryptocurrencies and digital assets are increasingly becoming a new asset class in the traditional financial system, subject to a wide range of regulation just like other aspects of finance. The episode discusses the evolution of crypto, blockchain and digital assets over the past decade, highlighting that – regardless of price volatility – both the blockchain and digital assets now have a significant place in the financial system, a place that is likely to increase with the launch of not only Diem but also an increasing range of central bank digital currencies.