Switzerland did this initially (a sandbox approach) only to revert their position later and went after developers... This is buying time mechanism but not buying Certainty.
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Sure, though some of that was pressure from the EU that wouldnโt be felt here.
Sadly, the honest reality is that we do not have the technology (nor the foggiest idea of how) to scale blockchain-based transactions without ancillary services to a noncustodial wallet (LSPs for lightning, rollup operators, etc). This isnโt a Bitcoin/small block thing, no cryptocurrency has figured this out, despite tons of different approaches being worked on. Without regulatory cover for those ancillary services, noncustodial Bitcoin remains a privilege for the rich.