For Crypto, the Global Regulatory ‘Olympics’ Has Already Begun

Among financial jurisdictions there’s a similar sort of multidisciplinary competition already underway. In this race, however, jurisdictions are competing for the prize of becoming capital to the next generation of financial services: tokenized finance operating in open and decentralized systems. Like the pentathlon, the winners will demonstrate an ideal blend of strength, agility and speed.

Contestants include established financial hubs like London, New York and Hong Kong, which dominated the pre-digital era. But hungry challengers — E.U. member states, the United Arab Emirates (UAE), Singapore, Bermuda and California — are also in the race.

Source: For Crypto, the Global Regulatory ‘Olympics’ Has Already Begun