Regulations on cryptocurrency continue to be a hot topic across the globe. While the United States is still grappling with uncertainty in the industry, the European Union (EU) has taken promising steps by passing the MiCA regulation for digital assets. This has made Europe a better place for blockchain and crypto startups, as it supports innovation under a fair competition framework. Hong Kong and Dubai have also joined in, publishing draft bills to create safer environments for crypto and digital assets. On the other hand, US crypto companies are exploring offshore options due to the lack of clarity in the industry. In this article, we delve deeper into the latest developments in crypto regulations across the world.
2 May 2023