Crypto regulation to become global reality this year, PwC says

Core Insights - The global landscape for crypto regulation is expected to become more defined as legislation transitions from draft to law, with countries that establish transparent rules likely to lead the industry [1] - The environment will shift from regulatory debates to execution and competition among jurisdictions to attract capital and legitimacy, with a trend towards increased cross-border coordination for market integrity and investor protection [2] Regulatory Developments - Global regulatory collaboration is accelerating, facilitating institutional adoption of cryptocurrency, with regulation reshaping markets and enabling responsible scaling of digital assets [3] - In the European Union, market participants are adapting to the Markets in Crypto-Assets (MiCA) regulation, while the U.S. faces delays in the CLARITY Act due to opposition regarding stablecoin yields [4] - The U.K. is moving towards a full authorization regime for crypto-asset activities, enhancing investor protections and establishing a dual oversight model for payment stablecoins [5] Industry Trends - The shift towards clearer rules may lead to higher compliance costs for crypto firms but could also unlock new products and deeper institutional participation [3] - The winners in the crypto space will be those who integrate compliance, resilience, and transparency into their core operations [6]