As we can notice more and more countries are starting to adapt and legalize crypto ofc other countries are also banning crypto. But here's the take of Switzerland’s largest bank, UBS.
Switzerland’s largest bank believes:
"It will take time for lawmakers to digest the complexities of these issues and reconcile potentially divergent approaches on how digital assets should be regulated."
The UBS team further detailed: “Regulators could be waiting a long time for Congressional action and in the meantime will need to grapple with these issues using the limited and imperfect authorities they already have.”
Nonetheless, the bank pointed out that interest in crypto assets “is growing in Congress and among the broader public.”
Still, countries announcing legalizing crypto is a good news for the crypto economy.
