In Brussels today at a MiCA roundtable. What should regulators take note of before the full implementation on the EU's rules on Bitcoin for consumers?
I will be there defending the principles of tech innovation, separation of money and state, and the right to use Bitcoin and other cryptocurrencies as we see fit.
article coming soon on
After reading through MiCA and the ESMA's technical guidance, the most ridicilous part is the mandatory "disclosures on sustainability impacts" for a token or coin. This is supposedly supposed to be included in the now EU-mandate "whitepaper", though crypto exchanges need to gather this data as well.
This not only is radical, but misses the point about why Bitcoin exists, has value, and can be decentralized.
In addition, anyone who wants to launch a token in the EU needs to include their personal information to the European Securities and Markets Authority so that they can be identified for "liability" reasons.
lol, okay pal
