Replying to Avatar mutatrum

Anyone have an ELI5 on the MICA/TFR regulations that have been approved by EU parliament today?
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Nice and Kind Vic 2y ago

Use non custodial for exemptness.

Threshold for TFR/Travel Rule is 0.

https://www.nobsbitcoin.com/eu-parliament-approves-travel-rule-and-mica/

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mutatrum 2y ago

Doesn't sound much more than what they already do know, oe am I missing something?

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Nice and Kind Vic 2y ago

I don't know. How much was voluntarily implemented before to establish a political moat vs what will be required in 2024?