Over the past few weeks, we've seen US regulators, both federal and state in some cases - take aim at crypto companies with accusations of fraud and unregistered securities offerings.
These moves sent shockwaves through the digital asset industry. And the new regulations have also raised concerns about potential over regulation.
On the other side of the Atlantic, the UK and EU are taking a different approach.
The UK Treasury has recently proposed new rules for crypto-related businesses aimed at stepping up transparency and consumer protection. This, as the planned EU's Markets in Crypto Assets (MiCA) regulation seeks to provide a clear legal framework for digital assets across all member states.
Joining senior editor Philip Lagerkranser to discuss the crypto regulation competition across Europe is Bloomberg reporter Emily Nicolle.
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