The US authorities’s icy method to cryptocurrency regulation might in the end see the business’s ‘heart of gravity’ shift to Hong Kong, says Ambre Soubiran, CEO of institutional crypto market information supplier Kaiko, based mostly in Paris.
The USA has been on the forefront of the crypto business for a while, nonetheless, with the federal government apparently taking a regulation-by-law enforcement method, some more and more really feel {that a} important variety of firms, builders and buyers will are quickly flocking elsewhere to work in friendlier environments.
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