Abstract
The collapse of FTX exchanges, in November 2022 put a capstone on a terrible year of failures and lost market value in the world of digital assets. Its profound implications included not only the change of institutional investors’ attitude to crypto-assets, but also the rapid rise of global regulations on the crypto markets. This chapter focuses on the regulatory approaches from the three biggest markets: China, USA, the EU.
While China develops its own sovereign digital currency and put a full stop on the private crypto markets, in April 2023, the European Parliament gave its final blessing to the new Markets in Crypto-Assets Regulation, the world’s first comprehensive framework for crypto regulation, to both support and regulate the crypto space. The USA is accelerating its regulatory development. With global regulation rising, the crypto community must pay close attention to such developments and adapt to the “new normal.”
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Notes
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Ma, W. (2023). Regulation and Crypto on a Cliff Edge. In: Huang, K., Budorin, D., Tan, L.J., Ma, W., Zhang, Z.W. (eds) A Comprehensive Guide for Web3 Security. Future of Business and Finance. Springer, Cham. https://doi.org/10.1007/978-3-031-39288-7_11
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