Notable advancements have been made in global digital asset regulation throughout 2023, however, there is still much work to be done. This year’s report explores important topics that will shape the future landscape of the industry, including the cost of global operations, global regulatory frameworks and policies, global prudential standards, the influence of the EU’s Markets in Crypto-Assets Regulation (MiCAR), and regulatory developments in over 40 jurisdictions.
"The development of regulatory and legal frameworks in the past year have been instrumental in restoring trust in digital assets.
The market resilience, underscored by a pursuit of innovation, sets the stage for regulatory frameworks, which seek to balance risk with opportunity and innovation.
For industry players across the globe, 2024 is not just about weathering the storm – it’s about building a foundation for a thriving ecosystem, where clear regulatory guidance acts as the cornerstone of renewed stability."
Matt Blumenfeld
Web3 & Digital Asset Lead
PwC US