Global cryptocurrency regulatory landscape: Differentiated paths across 20 jurisdictions

btccSquare News: The global regulatory framework for cryptocurrency markets is rapidly evolving, with different jurisdictions taking notably distinct stances. Hong Kong's approach is a typical example of this divergence, categorizing crypto assets as 'virtual assets' under the supervision of the Securities and Futures Commission, while implementing strict licensing systems for stablecoins. The regulatory spectrum ranges from business-friendly zones to complete prohibition, with classification standards considering legal status (50%), regulatory implementation (30%), and exchange compliance (20%). This policy puzzle creates both opportunities and challenges for market participants operating across borders.