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Dominic Williams, founder of the DFINITY Foundation, wrote that the United States has always been a global leader in innovation, and the country's innovation ecosystem is unparalleled in the world, but blockchain technology has bucked the trend. As technology advances in the industry, countries and their regulators need to accelerate the development of frameworks for the industry to thrive. Recent regulatory developments in Asia, particularly Hong Kong and Singapore, coupled with developer talent and investment interest, have made the region a global hub for blockchain.

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