[WalletConnect Report: Global Crypto Regulation Enters Implementation Phase, DeFi Remains the Largest Unresolved Area] WalletConnect has released a 68-page report titled *'Policy, Compliance, and Regulatory Landscape'*, outlining global regulatory developments in areas such as payments, DeFi, trading, custody, and tokenization. The report suggests that discussions on crypto regulation in major markets have shifted from 'whether to regulate' to 'how to implement,' with relevant frameworks transitioning from legislation to practical enforcement at varying speeds. However, cross-border rules remain highly fragmented. The report highlights that the European Union's *Markets in Crypto-Assets Regulation* (MiCA) will be fully applicable starting December 2024, with its national transition period ending on July 1, 2026. Currently, approximately 330 authorized crypto asset service providers are listed in ESMA's temporary registry, while over 1,000 companies reportedly failed to obtain authorization before the MiCA implementation deadline.