On regulatory scrutiny and jurisdiction arbitrage for crypto exchanges
I've been following the ongoing regulatory issues with a few major crypto exchanges and it seems like a constant game of cat and mouse, with operations sometimes shifting to jurisdictions perceived as more 'friendly'. From a compliance perspective, how do others here view the long-term viability of this approach? Are regulators likely to eventually close these gaps globally, or is there always going to be some degree of jurisdiction shopping possible, especially for new asset classes like digital assets?
The 'arbitrage' only works until those friendly jurisdictions face enough pressure or realize the risks outweigh the benefits. It's a short-sighted strategy that will likely end with a few big players getting caught in the crosshairs, and the smaller ones just vanishing.