According to CoinMeta, the report "Policy, Compliance, and Regulatory Status" published by WalletConnect indicates that global crypto regulation has shifted from discussion to implementation, but cross-border rules remain fragmented. The EU's MiCA legislation will be fully implemented in December 2024, with the national transition period ending on July 1, 2026. Currently, there are approximately 330 authorized crypto asset service providers in the ESMA temporary registry, and over 1,000 failed to obtain authorization by the deadline before the implementation of MiCA.