WalletConnect report: Global crypto regulation shifts to implementation, DeFi remains a key challenge

WalletConnect's 68-page report on policy and compliance indicates that global crypto regulation has moved from debate to implementation. While frameworks like the EU's MiCA are now in effect, cross-border rules remain fragmented. The report highlights that regulators are increasingly holding issuers and service providers responsible for AML, sanctions screening, and travel rule compliance even when interacting with self-custody addresses.