Ideas for Smart, Prudent Regulation

To support industry growth while protecting consumers, regulators could:

• Introduce tiered KYC for low-risk, small-value transactions to improve accessibility.

• Create reciprocal licensing agreements between countries to simplify cross-border operations.

• Standardize crypto custody rules, ensuring asset safety while enabling competition.

• Mandate transparent fee structures for both fiat and crypto services to protect consumers.

• Encourage sandbox regulatory environments for testing innovative cross-asset products.