Some countries which do not have large populations & are not parts of large trading blocks may end up pushing hard into regulatory arbitrage as the web gains further regulations from core markets.
It would be very hard (& expensive) to force regulations on virtual entities which are pure fictions located in country A, owned by a person in country B, hosted in country C, with some new regulation taking place in country D.
Hell, even some of the countries inside the EU are VERY slow at prosecuting intentional & extreme criminal conduct by some of their own citizens. In some cases a perp stating they committed major fraud and deserved to be locked away for a decade might find they are freely walking the streets a year or two after admitting to being a criminal fraud.