Regulation and Crypto on a Cliff Edge

Regulation and Crypto on a Cliff Edge


The collapse of FTX exchanges, in November 2022 put a capstone on a terrible year of failures and lost market value in the world of digital assets. Its profound implications included not only the change of institutional investors’ attitude to crypto-assets, but also the rapid rise of global regulations on the crypto markets. This chapter focuses on the regulatory approaches from the three biggest markets: China, USA, the EU.

While China develops its own sovereign digital currency and put a full stop on the private crypto markets, in April 2023, the European Parliament gave its final blessing to the new Markets in Crypto-Assets Regulation, the world’s first comprehensive framework for crypto regulation, to both support and regulate the crypto space. The USA is accelerating its regulatory development. With global regulation rising, the crypto community must pay close attention to such developments and adapt to the “new normal.”



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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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