As U.S. regulators clamp down on crypto, industry advocates warn the country risks sending the future of finance abroad. And several competing jurisdictions hope to position themselves as crypto hubs.
It may surprise you, but the United States’ stiffest competition could come from the European Union. It might be counter-intuitive; after all, Europe isn’t known to have a light touch when it comes to regulating business. But with a population larger than that of the United States’, an economy that isn’t far behind, and a rule-making process that’s on track to give crypto the regulatory guidance it so desperately seeks, a consensus has emerged: the world’s third-largest economy might not be such a bad place to start your crypto business. In today’s episode, we’ll take a look at what the bureaucrats in Brussels are up to.