With the regulation spotlight ramps up focus on the crypto world, it is the USA leading the charge.
Since the US dollar is the global default currency - at the moment anyhow - it seems us regulators are finding ways to restrict crypto globally as they have done or tried to do wit the Petro.
The USA OFAC seems to want to wield a big stick on USA citizens (only 4% global population) and thereby influence the rest of the world. It may work, or may not.
Time will tell
https://www.coindesk.com/get-ready-for-crypto-sanctions-enforcement