The crypto industry requires safe markets rather than safe havens which merely provide places to hide. A safe market fosters innovation and attracts serious capital. Over the past decade, crypto has faced regulatory challenges, with some jurisdictions offering lenient regulations that compromise investor protections. The collapse of FTX highlighted the risks of these 'safe haven' strategies, leading to a trust deficit in the industry. The UAE has emerged as a model for balancing regulatory oversight with innovation, creating a system focused on safety and accountability. Institutional investors, now prioritizing credible markets, are drawn to frameworks where regulations are applied consistently. The growing consensus is that weak regulations are liabilities; a shift towards robust regulatory environments is essential for long-term growth. Future crypto adoption will hinge on integrating with mainstream finance, emphasizing reputable custodians and transparent regulations. The article posits that the jurisdictions recognizing this will succeed in attracting capital and fostering a thriving crypto ecosystem.

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