When you say rest of the world, what countries exactly do you mean? I'm from the Czech Republic and the process is also insurmountable for a regular company. You either go through a middleman or you can apply for a license (only 4 companies in the entire country ever got it and it costs upwards of $50k in legal fees just to file the application).

Why don't you just tell us, rather than give us homework?

Can you just link us to the relevant pieces? I rather not search on my own and read wall street propaganda on why it's bad (which is what I'm finding and not interested in).