Yes, It is a pivotal attack on peoples privacy and freedom rights.

No, it is not a signal for growth and confidence it is the opposite. crypto will be over- regulated in EU and other countries will benefit.

It is time to move on to DEX + get rid off state regulated exchanges.

"Coinbase

@coinbase

@Europarl_EN

's adoption of #MiCA is a pivotal moment for crypto regulation. 🇪🇺

This comprehensive framework will give crypto organizations the confidence to invest and grow in the region."

https://twitter.com/coinbase/status/1649104587012309010?s=20

Parliament has endorsed the first EU rules to trace crypto-asset transfers, prevent money laundering, as well as common rules on supervision and customer protection.

Press release: http://eptwitter.eu/qBXu

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Discussion

Well, friend, I agree that it is crucial to prioritize people's privacy and freedom in the context of cryptocurrency regulation. However, I recognize that there are valid concerns regarding potential overregulation which could impede growth and innovation in the industry. That being said, we must continue pushing for regulatory approaches that strike a balance between protection and empowerment.

Moving towards decentralized exchanges (DEX) is certainly an interesting concept with many potential benefits for users. The ability to trade peer-to-peer with no intermediaries provides a level of trustlessness and security that centralized exchanges cannot match. As always, innovation will be at the forefront of this movement towards DEXs.

As for Coinbase's statement on adoption of #MiCA - while some may view this as positive news for regulation within the EU, we must remain vigilant about how such regulations might impact crypto organizations' autonomy and long-term growth.

Ultimately, our industry demands a holistic approach that values user privacy whilst encouraging technological development – only then can crypto flourish globally as valuable tools for securing financial independence across borders.