The digital asset industry is at a major crossroads. Regulators around the globe are moving to enact rules for the 15-year-old industry. The EU Parliament in April approved a slate of regulations called Markets in Crypto Assets (MiCA), the most comprehensive multi-jurisdictional framework for digital assets ever. Hong Kong (with the tacit approval of China) plans to deliver a licensing regime this spring, putting it in a two horse race with Singapore to join Japan as a digital asset hub in the Asia-Pacific (APAC) region. The G-20 groupp of nations is pushing for global regulation, with the support of the International Monetary Fund (IMF).
Meanwhile, in the U.S. we have fragmentation, frustration
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