North America: Technology

As cryptocurrency transitions from niche to mainstream with a $4 trillion market cap, cross-border crypto transactions are creating unprecedented tax complexity through inconsistent country-by-country treatment. From income type mismatches and sourcing challenges to valuation volatility and transfer pricing complications, the global tax framework struggles to address digital assets that existing tax treaties were never designed to handle.

What happens when states stop waiting for Congress and begin building their own AI rulebooks? In this episode, we unpack major AI regulatory developments emerging from Colorado, Connecticut, and California, where lawmakers and regulators are advancing dramatically different approaches to AI governance.

In this edition we round up FinTech-related financial services regulatory developments for the week ending 22 May 2026.