11 things the United States can learn from other nations’ crypto regulations

cointelegraph.com:

While the U.S. has long been known as a center of innovation and new technology, the nation’s regulatory bodies don’t seem to know quite what to make of the crypto industry. The U.S. is lagging behind countries in Europe and Asia in establishing crypto regulations, and it’s not because the industry is broadly resistant. Indeed, crypto insiders would welcome — are asking for — clear and consistent guidelines.

Still, one of the benefits of being late to the party is being able to learn from what’s working in the regions that have forged ahead. Below, 11 members of Cointelegraph Innovation Circle discuss a few of the most important things U.S. regulators can learn from actions taken in other countries as they begin to establish laws and guidelines for crypto.

The regulatory moves in the crypto fields in Indonesia and Turkey should serve as a lesson for U.S. regulators. Innovation and investor safety are promoted by other countries’ acceptance of cryptocurrencies as a genuine good when there are clear regulations and consumer protection. The goal is to take a balanced strategy while focusing on adoption for the digital economy. – Myrtle Anne Ramos, Block Tides

U.S. regulators can learn from the “sandbox” approach seen overseas, particularly in the United Kingdom and Singapore. Sandboxes let firms test innovative fintech and blockchain products live but with regulatory leniency. This model fuels innovation while guiding future regulation, striking a balance between growth and stability. – Maksym Illiashenko, My NFT Wars: Riftwardens

Ask yourself why the Securities and Exchange Commission was even created in the first place. It was done in the 1930s, pre-internet, as an information resource and recourse mechanism to counter bad