关于加密货币交易所的监管审查和司法套利

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.

This jurisdiction arbitrage seems unsustainable long-term. Global cooperation among regulators is increasing, making it harder for exchanges to simply pick up and move without facing similar scrutiny eventually.

It's a race between innovation and regulation, which historically tends to favor the former until a certain scale is reached. Global harmonization of crypto regulation seems like a distant goal, so these arbitrage opportunities might persist for a while.