160 sats \ 5 replies \ @k00b 30 Jun 2022
My fear is that if we don't get people using P2P sooner rather than later, this kind of oversight will be what's considered normal.
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100 sats \ 4 replies \ @faithandcredit 30 Jun 2022
Seems this regulation gives an incentive to do peer to peer since the 1k Euro limit dont apply. But requires it gets enforced properly. Also curious what EU definition of P2P is
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100 sats \ 3 replies \ @om 30 Jun 2022
The press release says:
Apparently for EU p2p happens when there's no provider. That would just be crypto meetups, I guess?
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100 sats \ 2 replies \ @faithandcredit 30 Jun 2022
You are still going to use LN or BTC to transact. Arent a hop along your route a provider? arent the miners that include your transaction if its on.chain a provider?
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366 sats \ 1 reply \ @om 30 Jun 2022
OK, I've found the following in the Article 3 of a MiCA draft:
and they further define what all of that means.
Based on this, I believe that neither miners nor LN nodes are CASPs. However, LN nodes that offer swaps between Taro tokens and plain sats are definitely CASPs.
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0 sats \ 0 replies \ @faithandcredit 30 Jun 2022
That sounds bad.
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0 sats \ 0 replies \ @om 30 Jun 2022
I just realized that the travel rule without a threshold means that SN must now KYC everybody.
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8 sats \ 0 replies \ @moon 30 Jun 2022
Not as bad as I expected.
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2 sats \ 1 reply \ @om 30 Jun 2022
What are they trying to achieve, exactly?
Before: user's exchange wallet -> somebody else
After: user's exchange wallet -> [ANNOYING VERIFICATION] -> user's non-custodial wallet -> somebody else
so what's the point?
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0 sats \ 0 replies \ @faithandcredit 30 Jun 2022
Their job is to legislate. Any law is better than no law in their mind i think.
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8 sats \ 0 replies \ @faithandcredit 30 Jun 2022
They are regulating just to regulate its so annoying. I've yet to see any policies and legislation that accomplishes their intended goal. For example EU have spent billions on climate change, is it working? They put extreme sanctions o Russia, is it working? Covid is behind us, but did their policies make things better or worse? The war on drugs, making them illegal, is it working? The EU is a danger to itself
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143 sats \ 0 replies \ @deleted231216 30 Jun 2022
deleted by author
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