Decentralization is a big ask for companies trying to fit into traditional compliance models. Regulators have yet to establish workable systems that oversee DeFi operations without compromising its very core principles like permissionless access and decentralized governance.After pro-crypto US President Donald Trump won the November elections, several jurisdictions around the world, including China, Morocco and Ukraine, have been contemplating on changing the legality status of crypto trading. The re-considerations is placing the viability of traditional offshore setups in question. Regulated jurisdictions like the United Arab Emirates (UAE), are currently offering what offshore markets increasingly cannot: access to institutional infrastructure and regulatory clarity. If more countries embrace digital currencies, business for offshore firms could go down significantly. What is your take on regulation and use of Crypto currency as a legal tender ?
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