PwC: This year to be foundational for global crypto regulation

This year will mark a foundational period for the global implementation of cryptocurrency regulations as the industry moves beyond its initial stages, according to a recent report from global accounting firm PricewaterhouseCoopers (PwC). The report, cited by CoinDesk, suggests the focus will shift from regulatory debate to execution and competition among nations to attract capital. PwC predicts that countries with clear legal frameworks, such as Europe's Markets in Crypto-Assets (MiCA) regulation and proposed U.S. legislation like the GENIUS and CLARITY acts, will lead the industry. The firm also noted that while companies will face compliance challenges, they will also see opportunities from increased institutional investor participation and better access to traditional finance.