Offshore will eventually lose

At some point in the not so distant future, I can see a rude awakening for the many offshore and foreign exchanges.
1. The frauds keep mounting and there seems to be no shortage of people in Washington (daily) and Europe (see MiCA) enjoying the finger pointing. 2. People need exchanges, but need ones that they know actually have rules they have to follow in order to operate. You can always move it off an exchange but they are there for a reason. 3. US and EU exchanges and regulators will eventually figure out how to work together. Money does that to people. See virtually all large innovative/disruptive tech companies over the last 25 years.
4. Once people know the rules, and know they don’t need to go to the dirt bag with no regs, they won’t. Similar example….The majority of people buy booze at the liquor store…..they don’t make it in the bath tub anymore for a reason. We are allowed to buy it now.

I’m against overreaction from regulations but I am for people keeping their funds, not getting scammed, and new investors feeling confident enough to engage. It will be interesting to see where all the “I have an exchange in the islands” folks end up. Stay safe