Monday, February 6, 2023

UK AND EU CRYPTOCURRENCY REGULATIONS PUT PRESSURE ON US REGULATORS

 https://on.ft.com/3X7XHvx

The development of comprehensive regulation of cryptocurrencies by the UK and the European Union has two consequences: First, it adds legitimacy to cryptocurrency by misleading many investors to mistake this regulation for increased safety in crypto investments. Second, it places increased pressure on the U.S. to develop crypto regulation since crypto exchanges and investors will migrate to locations with these regulations.

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