Summary
Governments worldwide are working with the crypto industry to protect consumers while promoting development. The EU passed MiCA rules, while countries like the UK, Hong Kong, and Nigeria are competing to become crypto hubs.
Key Points
1. Governments worldwide are looking to work with the crypto industry to develop policies that protect consumers without hindering its development.
2. The European Union has passed the MiCA ruleset, while countries like the U.K., Hong Kong, Nigeria, and others are competing to become crypto hubs.
3. There is a growing trend towards collaboration and regulatory clarity in the crypto space, as governments recognize the potential of blockchain technology and cryptocurrencies.