This is the second part of a three-part series that covers the regulatory landscape for digital currencies in 2019 and looks at the prospects of 2020. While the first chapter in the series looked at the "Insiders," this installment covers the prospects for the so-called “Outsiders” — i.e., China, Russia, India and the developing world.
Unlike the Insiders, which built the modern financial system on top of the U.S. dollar in the 1940s, the Outsiders pay for access to that system due to varying historical and geopolitical reasons.