MiCA AMA - What happens next?

Understanding the complexities of MiCA and TFR regulations, their global implications, and the need for industry adaptation and collaboration for scalability and maturity.

Key takeaways

MICA and TFR regulations are complex and may create an unfair advantage for some companies.
The regulation is not only applicable to EU companies, but also to companies dealing with EU clients.
The travel rule applies from one euro, and every transaction between custodian and un-hosted wallet needs to be compliant.
Switzerland has no threshold for the travel rule, while the EU has different thresholds for different countries.
The regulation is inspiring innovation in the industry, but it is not perfect and may need modifications.
The practical applications of the regulation are still being worked out, and there is a need for further clarification.
The regulation is not just about the EU, but also about global scalability and the need for international collaboration.
DeFi and stablecoins are impacted by the regulation, and it may make it easier for projects like Diem to issue new coins.
The regulation is not just about the companies, but also about the custody of the assets and the ownership proof required.
The regulation is complex and may create a fragmented landscape, but it is a necessary step for the industry to mature.
The industry needs to adapt to the regulation, and companies need to be licensed and registered in the relevant jurisdictions.
The regulation is a work in progress, and there is still a need for further clarification and modifications.

MiCA AMA - What happens next?

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