He goes on to say that around the world, governments have accepted that crypto brings real risks, from market volatility to illicit finance and monetary concerns. “Yet they are choosing regulation over uncertainty. The European Union has implemented MiCA, Singapore operates a well-defined licensing regime under the Monetary Authority of Singapore, and the US continues to advance comprehensive market structure legislation through the Clarity Act. For governments preparing their economies for the next generation of digital commerce, regulated engagement with crypto has become a Hobson’s choice.”
When Sreedharan and several other experts say that such a move, even in the form of a recommendation, was long overdue, it is because of…
