The Road to Crypto Regulation

Crypto has rapidly evolved from a fringe concept to a $3 trillion global market, forcing governments to rethink how they regulate financial innovation. This report examines how 25 major jurisdictions—responsible for most on-chain activity—are approaching crypto through the lenses of financial integrity, consumer protection, and market oversight. While anti–money laundering rules are advancing fastest, areas like market integrity and investor safeguards vary significantly across countries. International bodies like FATF, IOSCO, and the FSB are shaping momentum, but implementation gaps and enforcement challenges remain.