US Losing Blockchain Developers Due to Regulatory Disarray!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 19, 2023 8:41

A co-founder of Solana, Anatoly Yakovenko, has commented on the shortage of an evident regulatory framework in the US for the blockchain trade. Because of this, an increasing number of blockchain builders are leaving the US. The numbers replicate this development, with the US accounting for 42% of worldwide open supply blockchain builders in 2018, however dropping to only 29% by 2022. With different nations corresponding to China and India investing in blockchain expertise and providing extra favorable regulatory environments, the US dangers falling behind within the race to develop the following era of blockchain options.