Crypto enthusiast sharing strategies for stable income through staking & lending stablecoins. Follow for blog updates/APY tips/crypto discussion. No advice/DYOR
Looking to achieve financial stability with #cryptocurrency? Check out my latest blog on how #stablecoins can help you grow profits safely and securely. Learn how to invest smartly and avoid high-risk mistakes. ๐ฐ๐
Read more๐
https://t.co/8rTh28t7GH
Again, a bunch of big crypto accounts are claiming upcoming AML rules will ban self-custody or anonymous crypto & #Bitcoin transactions in the EU.
That's wrong.
Resharing this thread from last year that highlights what the AMLR actually means for crypto & #Bitcoin in ๐ช๐บ
I believed I was managing my stablecoin risks effectively before this week.
Losses are the best teacher.
Here's my updated stablecoin due diligence checklist โ
Please stop using the term stablecoin to refer to hedge funds and debt products with no rights, simply because they attempt to hold a peg near a dollar.
Thank you for your attention to this matter!
Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have encountered issues with their transactions. I deeply apologize for this. If you have incurred losses attributable to Binance, please contact our customer service to register your case. We will review your account activity individually, analyze the situation, and provide compensation accordingly. However, losses resulting from market fluctuations and unrealized profits are not eligible for compensation.
The reason Binance is Binance is that we never shy away from problems. When we fall short, we take responsibilityโthere are no excuses or justifications. We are committed to serving every user to the best of our ability, and we will manage what we are responsible for.
The market remains volatile at present, so please be mindful of investment risks.
็ฑไบ่ฟๅป16ๅฐๆถๅ ๅธๅบๆณขๅจ่พๅคง๏ผๆถๅ ฅ็จๆท่ฟๅค๏ผ้จๅ็จๆทๅจไบคๆไธญ้ๅฐ้ฎ้ข๏ผๆๆๅฐ้ๅธธๆฑๆญใๅฏนไบๅธๅฎๅๅ ๅฏผ่ด็ไบๆๅฏไปฅ่็ณปๅฎขๆ็ป่ฎฐ๏ผๆไปฌๅฐ้ไธๆ ธๅฏนไฝ ็่ดฆๅท่กไธบ่ฟ่กๅๆ่ฃๅณ่ตไป๏ผ้่ฆไธไบๆถ้ด๏ผไฝๅฏนไบๅธๅบๆณขๅจๅธฆๆฅ็ไบๆๅๆชๅฎ็ฐ็ๅฉไธๅจ่ตไป่็ดใ
ๅธๅฎไนๆไปฅๆฏๅธๅฎๆฏๅ ไธบๆไปฌไปๆฅไธ้้ฟ้ฎ้ข๏ผๅๅพไธๅฅฝ็็ซๆญฃๆจๆ๏ผๆๅคๅฐ็จๆทๅฐฑๅบ่ฏฅ่ฝๆๅกๅฅฝๅคๅฐ็จๆท๏ผๆฒกๆ็็ฑๅๅๅฃ๏ผๆไปฌ่ฏฅ็ฎก็้จๅไธๅฎไผ็ฎกใ
ๅฝๅๅธๅบไปๅจๆณขๅจๆ๏ผ่ฏทๅคงๅฎถ้ฒ่ๆ่ต้ฃ้ฉใ
๐๐ข๐๐ 6-๐๐จ๐ง๐ญ๐ก๐ฌ ๐๐ญ๐๐ญ๐ฎ๐ฌ ๐๐ฉ๐๐๐ญ๐: ๐ ๐ฎ๐ฅ๐ฅ ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ณ๐๐ ๐๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง ๐๐ฌ๐ฌ๐ฎ๐๐ซ๐ฌ & ๐๐ซ๐ฒ๐ฉ๐ญ๐จ-๐๐ฌ๐ฌ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ ๐ช๐บ
6 months into MiCAโs application for CASPs โ and 12 months for stablecoins โ hereโs the latest July snapshot:
๐ 14 ๐๐ฎ๐ญ๐ก๐จ๐ซ๐ข๐ณ๐๐ ๐ฌ๐ญ๐๐๐ฅ๐๐๐จ๐ข๐ง (๐-๐ฆ๐จ๐ง๐๐ฒ ๐ญ๐จ๐ค๐๐ง) ๐ข๐ฌ๐ฌ๐ฎ๐๐ซ๐ฌ
โ From 7 EU countries: ๐ซ๐ท (3), ๐ฉ๐ช (1), ๐ฒ๐น (3), ๐ณ๐ฑ (3), ๐จ๐ฟ (1), ๐ซ๐ฎ (1), ๐ฑ๐น (1)
โ Issuing 20 e-money tokens (EMTs) or single fiat-backed stablecoins:
โข 12 euro-denominated
โข 7 dollar-denominated
โข 1 Czech koruna-denominated
๐ 39 ๐๐ข๐๐-๐ฅ๐ข๐๐๐ง๐ฌ๐๐ ๐๐๐๐๐ฌ (๐๐ซ๐ฒ๐ฉ๐ญ๐จ-๐๐ฌ๐ฌ๐๐ญ ๐๐๐ซ๐ฏ๐ข๐๐ ๐๐ซ๐จ๐ฏ๐ข๐๐๐ซ๐ฌ)
โ From 9 EU/EEA countries: ๐ฉ๐ช (12), ๐ณ๐ฑ (11), ๐ฒ๐น (5), ๐ซ๐ท (3), ๐ฑ๐บ (3), ๐ฆ๐น (2), ๐จ๐พ (1), ๐ช๐ธ (1), ๐ฎ๐ช (1)
โ Mix of TradFi, fintech & crypto-native firms. Examples:
โข TradFi: BBVA, Clearstream, CACEIS
โข Fintech: N26, Trade Republic, eToro, Robinhood
โข Crypto-native: Coinbase, Kraken, Bitpanda, OKX, Bitstamp
๐๐ญ๐ก๐๐ซ ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐ข๐ง๐ ๐๐๐๐ญ๐ฌ
โข Still 0 ART issuers (asset-referenced tokens), suggesting a clear lack of market demand for now.
โข ~30 whitepapers notified under MiCA Title II for crypto-assets like BTC, ETH, etc.
โข Transition periods have now ended in ๐ณ๐ฑ ๐ต๐ฑ ๐ญ๐บ ๐ฑ๐ป ๐ธ๐ฎ ๐ซ๐ฎ โ with Dutch AFM leading license issuance among them.
โข ~30 whitepapers notified under MiCA Title II for crypto-assets like BTC, ETH, etc.
โข 35+ firms now listed as non-compliant CASPs, primarily flagged by Italian regulator CONSOB.
6 months into its full application, MiCA is clearly gaining momentum. Companies across Europe are seeking to receive their license in order to passport their services into 30 EEA countries. The race is on!
๐ Next update at the 9 months mark at the end of September.
๐ Full list of authorized EMT issuers & CASPs in the graphic below.
PS: This is based mainly on ESMAโs interim register, with a few additions from recent news. The landscape is evolving fast โ take with a grain of salt.
โ๏ธ Amidst the frozen landscape, a lone traveler gazes upon the celestial path. The way forward is clearโthe way of Venus
๐ท $XVS, the key to governance, the beacon in the storm
๐ Venus is the way...
@VenusProtocol#XVS#DeFi#TheWay
@MatthewColler@MatiszJohn@OldTakesExposed seems like you do not understand the tiniest bit...he can leave...most of us would have been ok with it..but saying he wants to stay until he cant get traded anymore and after that leaves with no picks/players in return is just really bad and he got what he deserves!
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It has been a while since I have posted anything lengthy or educational regarding @chainlink and the $LINK token, and I believe it is time to update the masses again. Given where we are today, both in terms of the broader crypto industry and within the development of @chainlink itself, it feels like the right time to provide a very high-level but impactful overview.
We are standing at a pivotal moment. Regulatory frameworks are being finalized, major financial institutions are actively moving on-chain, and the $LINK chart is positioning in a way that suggests a major inflection point is near.
For anyone who has been on the fence about $LINK, or for those who simply have not been following its evolution closely, this thread is meant to give a clear understanding of where @chainlink stands in the ecosystem and why it should not be ignored moving forward.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "I met with one of the CFTC commissioners, many members of Congress, and spoke with Congressman Warren Davidson. There's a good chance we pass a stablecoin bill within 3 months and get a market structure bill done by August."