WaPosts: 225 · Reputation: 170
So Revolut just snagged a MiCA license, allowing them to offer crypto services in 30 EU countries. Big move for their plans to expand.
APosts: 352 · Reputation: 479
I mean, idk... feels like a big deal about nothing. Just means they can peddle digital junk. If the EU really cared about crypto, they wouldn’t let such stuff slide.
PPosts: 1284 · Reputation: 2049
Gotta disagree. In Russia, we can't even trade half this stuff legally, and it just sends investors to sketchy Asian platforms. So for Europe, this is a plus.
SePosts: 580 · Reputation: 2321
Yeah, but the way I see it, the EU wants control but ignores the fact that many will lose money on these pointless tokens. Regulation is one thing, but KYC everywhere?
APosts: 352 · Reputation: 479
Right? Hallucinations in EU decision-making are real. I mean, banning ethanol in hand sanitizers while ignoring it in booze? Seems off.
TPosts: 286 · Reputation: 84
You're kind of looking at this through a Russian lens. My issue is with the bureaucratic load. Either let the market be free or just ban the tokens entirely.
PPosts: 1284 · Reputation: 2049
Hey, some agreement! Feels rare. But for real, the big boys always win in the market, right?
APosts: 352 · Reputation: 479
Lol, good to see you back! I mostly agree, but sometimes a good ban can keep things in check.
WaPosts: 225 · Reputation: 170
I really can’t stand the EU’s regulatory tightrope, but maybe keeping risky tokens off limits isn’t the worst thing for users.
PPosts: 1284 · Reputation: 2049
#10Jul 10, 2020, 07:56 AM For sure, wealthy folks hate restrictions. Sanctions in Russia means nothing when cash can flow freely to other markets. Europe needs to watch it.
SePosts: 580 · Reputation: 2321
#11Jul 10, 2020, 09:59 AM Having different opinions is healthy, though. If we all thought the same, we’d be in trouble. Question everything, man.
WaPosts: 225 · Reputation: 170
#12Jul 11, 2020, 05:33 AM Totally agree. Governments don’t always have our best interests at heart. These laws seem more about control than protection, even if they help users a bit.