USA's approach to crypto made rest of the world behave as if they have no rules locally. And they rebeled against their own nation govt and bank system. Take example of binance and many other exchanges which didn't bothered with the local banks. 

And they managed to disturb other nations in 3rd world. Take example of Brazil where companies not even considering local rules and just starting random exchanges and playing god. Same happened in the Asian market like India, Nepal and many other nations. 

Then those nations came up with rules and regulations, taxes in order to put a ring on such bulls who wanted to manipulate people on using crypto. 

Itau who used to be in the crypto buy and sell services decided to comply finally with the brazil central bank too. They filed notice that they operate this way and they would soon apply for the license. 

Problem with crypto exchange and companies is that they think they don't need govt and they don't need laws. Attitude like that eventually turns any country into venezuela and USA ends up swallowing such nations. Nations should keep the crypto investors into reality with taxes for same reason. 

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