Good call. Any key takeaways?
Discussion
Hard to see any concrete regulations in that paper. Page 37 which is subtitled
Annex 2 might be the "friendliest" tldr as it breaks down the recommendations
into bullet points. It's more of a "identify areas of concern and make
recommendations for looking into and implementing policy" type of paper.
I am far from an expert in legal/regulatory policy but it does seem that FATF is
the body that is the nuts and bolts of formulating regulation. Their paper,
originally from 2012, is regularly updated and most recently updated earlier
this year.
Stablecoins are obviously a major concern to these regulatory groups.
I kind of conclude we expect a slow, steady grind over the next few years
as KYC/AML is pushed into as much of crypto as possible and in as many
jurisdictions as possible. At the same time there will probably be
industry, human rights and even financial institutions pushing back against
overly restrictive regulation.
TLDR....... Learn, Stack, Self Custody Bitcoin and Chill
are pushed into as much of the
BTW smmry.com gives a good AI TLDR