Cryptocurrency has been synonymous with a lack of regulation and a Wild West ethos.
This has led to speculative and non-core products like meme coins, blockchain games and yesteryear’s NFTs and ICOs.
But all that is beginning to change as regulated economies across the world have started to provide and enact frameworks for integrating digital assets into their financial ecosystems. The European Union’s Markets in Crypto-Assets regulation establishes a clear compliance structure for crypto firms. Meanwhile, in Asia, Singapore’s Payment Services Act offers institutional players a stable environment for participation.
As recently as Wednesday (Feb. 19), Hong Kong announced it was expanding the ways investors can trade digital assets as it looks to position itself as a regulated digital asset hub.
Even Switzerland, long known for its financial conservatism, has made moves in digital asset adoption under the Swiss…
