The world is taken aback by the outbreak of the deadly Coronavirus, and public events across the globe are being canceled or postponed. As a precautionary step, major events of the crypto industry were also moved to future dates; however, London\u2019s leading business newspaper City AM managed to successfully host the Crypto Awards 2020, organized by its Crypto Insider edition.\r\n\r\nThe awards were conducted on March 11 in London\u2019s business district and were attended by major industry stakeholders. Among the attendees was William Russel, the Lord Mayor of London, who took a moment to emphasize the point that London is a world leader in financial innovation. He further added,\r\n\r\n\u201cWe are the world hub for tech talent. We have generated over 76,000 FinTech jobs and closed deals in the sector worth more than \u00a32.9 billion in 2019, which helps us support regulation standards globally.\u201d\r\n\r\nThe Lord Mayor jokingly also said that the first Lord Mayor of the city, Henry Fitz Ailwin, who was appointed by King Richard I, would have taken blockchain as a new castle defense system. Editor-in-Chief of the Crypto Insider edition of City AM, James Bowater, stated the event was just the first of the many more crypto awards to come. On the success of the event during the pandemic, Bowater said, \u201cI am really thrilled to see you were all able to make it despite the trying times.\u201d\r\n\r\nSpeaking to the attendees, Electroneum CEO and Founder, Richard Ells stressed upon the fact how cryptocurrency can make a difference in the lives of over 1.7 billion people on this planet who continue to remain unbanked. Referencing to the company\u2019s AnyTask freelance platform, Ells explained how users could supplement and grow their incomes without even having a bank account.\r\n\r\n\u201cThere is a logo designer in Pakistan. He is unbanked, so he cannot use Fiverr. He is disabled, struggles with work, and he\u2019s so excited to be on AnyTask. He\u2019s been really busy since AnyTask went live, his skills are superb and charges only US$10 for a logo design. He is only one of loads of stories of people in developing countries who are benefitting from AnyTask.\u201d\r\n\r\nThe UK based Electroneum, deservedly, received the \u2018Social Impact and Sustainability Award.\u2019 Among the individual awards, Marta Piekarska-Geater, of Hyperledger, IBM\u2019s blockchain wing, received the \u2018Outstanding Industry Contribution Award.\u2019\r\n\r\nHere\u2019s the list of the Awardees in the major categories:\r\n\r\n\u2018Community Enhancement Award\u2019 \u2013 CryptoCompare (London, UK)\r\n\r\n\u2018Payment Service Provider Award\u2019 \u2013 Bitstamp (Luxembourg)\r\n\r\n\u2018Digital Asset Custodian Award\u2019 \u2013 Gemini Trust (New York, USA)\r\n\r\n\u2018Deployment in Fintech Award\u2019 \u2013 Consensys Codefi (Brooklyn, USA)\r\n\r\n\u2018Crypto Exchange Platform Award\u2019 \u2013 Coinpass (London, UK)\r\n\r\n\u2018Service Provider Award\u2019 \u2013 CMS Lay\r\n\r\n\u2018UX\/UI Award\u2019 \u2013 Zerion (New York, USA)\r\n\r\n\u2018Incubator\/VC Award\u2019 \u2013 Outlier Ventures (US\/Canada\/UK)\r\n\r\n\u2018Enterprise Blockchain Award\u2019 \u2013 Cygnetise (London, UK)\r\nImportance of City AM\u2019s Crypto Awards\r\nAt a time when the industry is facing multiple challenges like a market slowdown, Coronavirus, and tightening government regulations, such awards bring a ray of hope that the crypto community will survive all the challenges and emerge victoriously. Though some big names from like Binance, Huobi Global, TRON, Coinbase, Ripple, etc., were missing, the future seems to be more pleasant. All in all, such events are important from a recognition viewpoint, as when a major business daily like City AM conducts an event and awards a company, the financial world takes notice, and that\u2019s what we need more than anything else.