@aefegrwgrs
Regulatory fragmentation creates uncertainty. The EU’s MiCA framework mandates stablecoin reserves, while the U.S. leverages Bitcoin reserves to reinforce dollar dominance . Hong Kong’s licensing regime attracts compliant projects, whereas China’s ban stifles innovation. Investors must diversify across jurisdictions, prioritize compliant platforms (e.g., Coinbase, Kraken), and monitor policy shifts. For example, U.S. institutional adoption via ETFs contrasts with China’s "prohibitionist" stance, affecting global capital flows .