Replying to Avatar Yaël

There will certainly be geo-fencing on a global level, much how the financial system is growing. But Bitcoin-only brokerages won’t be as subject to MiCA or even SEC dictates, so there will a larger rift between cryptoworld and Bitcoin-only, aided by the natural evolution of the p2p economy
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pid 👨‍💻 2y ago

Of course they will be affected by Mica.

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Yaël 2y ago

for the new MiCA license and standard KYC, which every national financial regulator already required, but Bitcoin exchanges don't have to do any documentation on "tokens" or the "exchange white papers," which is most of the work

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pid 👨‍💻 2y ago

What do you mean documentation on tokens.

Whitepapers ok sure. Assets on lightning though are also going to be a thing.

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Yaël 2y ago

MiCA requires disclosures of all types when it regulates both token projects and the exchanges that list them. Super in the weeds boring stuff related mostly to the casino coins. We have a podcast out next week with a lawyer all about it

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