ANALYSIS: The Worldwide Game of Coins Heats Up

China's electronic money task continues to continue strongly, with a new paper from the People's Bank of China recommending that a core design is complete. Whatever stage of advancement the money is really in, it's clear that China wants the world to see it as in advance of the curve in the electronic money race.

In various other parts of the world, crypto firms deal with a never-ending game of regulatory arbitrage. Deribit is relocating from the Netherlands to Panama, citing a new burden from AMLD5 conformity. In the UNITED STATE, New York wishes to give its crypto regulatory authorities (even) extra teeth while Illinois acknowledges the legitimacy of blockchain-based agreements.