The global race to regulate Crypto

In 2025, crypto regulation has finally entered its teenage years. No longer a Wild West, the global digital asset ecosystem is increasingly maturing under the watchful eye of regulators. But while the EU, U.S., and several financial hubs are sprinting toward clarity, others are still stuck in indecision—or denial.

The PwC Global Crypto Regulation Report 2025 lays bare an emerging reality: we are living in a bifurcated regulatory world. On one side, countries like the EU, U.S., Singapore, and Switzerland are shaping crypto regulation with surgical precision. On the other, emerging markets and even some mid-tier economies remain vague, hesitant, or entirely silent.

Let’s start with the leaders. Europe’s MiCAR regulation stands as a…

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