If the first half of this year was distinguished by the U.S. securities regulator slapping fines on cryptocurrency exchanges, warning of legal action and then following up with the same, the second half started in Asia with a raft of jurisdictions running out new rules for exchanges – without the lawsuits.
While some Asia nations, such as Singapore and Thailand, seem to be following the U.S. Securities and Exchange Commission (SEC) in frowning upon certain products offered by exchanges, the approach in Asia so far seems to be clarity instead of court battles, in contrast with North America.
The U.S. is in a state of political and regulatory warfare over how to manage the cryptocurrency industry, John Rizzo, senior vice president of public affairs at Washington-based public relation firm Clyde Group, said in email comments.
“Congress appears to be making progress on regulatory…
