Life is like a journey, you don't know what kind of person you will meet at the next stop, what kind of story will happen! I have a lot of stories this time, so I don’t know if anyone has the patience to listen.
We are proud of the history of the Polygon network – developed outside the US, deployed outside the US, and focused to this day on the global community that supports the network. MATIC was a necessary part of the Polygon technology from Day 1, ensuring that the network would be secure – and remains so to this day. Given our focus on network security, we made sure MATIC was available to a wide group of persons, but only with actions that did not target the US at any time.
The non-US market is the largest in the world, and we are grateful for all the thoughtful work being done on all aspects of this technology around the globe, including by regulators & policymakers.
We are confident in the actions we took in the past, and how focused we are on building in the future. Exciting tech announcements this week!
Important dates for the industry coming up, MiCA has now been published in the official journal of the EU: https://t.co/JlXR89CYnQ
This means crypto businesses now have firm timelines to implement and be compliant with MiCA's requirements. Stablecoin rules apply from June 30, 2024 and rules for exchanges from December 30, 2024.
We're already preparing and will be ready. Exciting oppportunities ahead for compliant businesses in Europe.