1、TRM Labs 2024.All rights reserved.Global Crypto Policy Review&Outlook 2024/25Page 1Global Crypto Policy Review&Outlook 2024/2025Navigating the winds and waves of changeTRMLABS.COMTRM Labs 2024.All rights reserved.Global Crypto Policy Review&Outlook 2024/25Page 2What shaped crypto policy in 2024?Key
2、highlights TRM Labs reviewed 2024 crypto policy developments in 24 jurisdictions,representing approximately 70%of global crypto exposure Over 60%introduced new policies or positions for digital assets,and about 70%made progress implementing regulations Just under half made moves to support digital a
3、sset innovation2024 was a big year for crypto policy.For the first ten months,crypto policy was shaped by two forces:1.The growing waves of regulatory implementation,institutional adoption,and innovation2.Strong headwinds caused by elections,the geopolitical climate,and the increasingly stretched re
4、sources of regulatorsThe last two months were dominated by the US election,and an all-time valuation high for Bitcoin.In this years Global Crypto Policy Review&Outlook 2024/25 report,TRM reviewed crypto policy developments in 24 jurisdictions,representing approximately 70%of global crypto exposure c
5、overing the major policy,enforcement,and innovation developments in each jurisdiction.For the first time,weve also included data from the TRM Crypto Adoption and Illicit Exposure Report aims to capture the penetration of cryptocurrency usage in different jurisdictions,taking into account each jurisd
6、ictions overall economic conditions.We found that there is not necessarily a direct link between crypto adoption and regulatory maturity.Interestingly,crypto hubs like Singapore,Hong Kong,the UAE,and Switzerland have lower domestic adoption,which may reflect the global nature of their digital asset