@zasad@. It is a compliance nightmare for development teams that are located with in American jurisdiction. They're choices are to leave or be taken down by the United States of America hehehe. I not be shocked if the next stage for US regulators is to impose KYC on users personal wallets. What use would the innovation brought by these decentralized ledgers and databases if we cannot be in full control of our digital assets?
..
The more SEC will complicate the lives of crypto projects, the more dissatisfaction will be. MICA will be implemented in Europe and all wallets must be verified. Large DEFI projects will also follow these principles and introduce whitelisting. I say that freedom will soon end. Other projects will also work, but not with the same liquidity and reliability. MICA might only be the beginning of the regulators' agenda of killing the most important innovation that decentralization has give us, not your keys, not your coins.In any case, on uncle Gary vs. Ripple, the Hinman docs will be revealed on June 13. It has a record of the speech made by Bill Hinman who argues that Bitcoin and Ethereum are not securities and transactions on these networks are not securities transactions. Ripple is trying to use this speech as evidence that the SEC does not consider Bitcoin and Ethereum as illegal securities and wants to open another argument that Ripple is also not an illegal security based on this speech. If this officially and legally proves that Bitcoin and Ethereum are not securities and if it opens an argument for many altcoin projects to also not be securities, I speculate that this will certainly pump the whole cryptospace market hehehehe. MICA law does not require you to use custodial wallets. The regulator wants to know how many bitcoins and other coins are in your wallet and wants to control the payment of taxes on your cryptocurrencies. The European regulator has no problem with bitcoin and etherium, and most likely these coins will be regulated as utility tokens. |
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P2P is better not to use if you receive money on your bank card and do not declare income.
You may get a transfer of the money that was stolen and your police will question you and your accounts will be blocked by the bank. Scammers have accounts registered to other people, which are called "droops". Send money to your bank card only through verified exchangers that have been operating for a long time and will not send you criminal money. But you still need to open an account with another bank.
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I don't understand the purpose of this article.
I understand Elon Musk and other manipulators that they need hamsters to sell their coins on fear. Then the manipulators will buy these coins cheaply and a new crypto summer will come. The best strategy to counter such manipulation is hodling.
The purpose of the article is in line with the "mission" of today's media - to get clicks. As I said above, he literally said nothing noteworthy, just an awkward way of saying "be careful when investing in crypto, it could go up or down", but, as he is now one of the most followed celebrities, anything he says can be turned into a press article. I don't think he's even trying to manipulate the market with statements like that. If that was his intention, he'd do it in a more effective way. If the article has no useful information and is made to steal traffic and clicks from users, then why should we help the author of this article? I am not subscribed to Ilon Musk and I do not trust his statements, because many people are subscribed to him and every post could be his manipulation. |
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https://www.rbc.ru/society/03/06/2023/647a6d2c9a79473cf7a81ef4Translation into English from Russian "Marat Tambiyev, the former head of the investigative department of the Moscow Tversky District Committee, detained on corruption charges, received a bribe in bitcoins corresponding to almost $24 million (1.6 billion rubles) from members of the hacking group Infraud Organization in April 2022, Kommersant writes with reference to the case materials. According to the investigation, Tambiyev received the cryptocurrency from the members of Infraud Organization Mark and Konstantin Bergmanov and Kirill Samokutyaevsky, whose criminal case was pending against him, for not seizing their assets. The alleged bribe was discovered during a search of the former investigator's apartment on Bolshaya Ochakovskaya Street in Moscow. Among other things, according to "Kommersant," he was found with a laptop Apple MacBook Pro, which had been hacked only a few months later. In it, the attention of investigators of the central office of the Investigative Committee drew the folder called "Pension," which turned out to be a photo of a sheet of paper with the records of codes that allowed Tambiev access to 932.1 and 100 bitcoins. " ____ Nothing new, that in Russia officials and security forces have long been taking bribes in bitcoins, for every crime like this that is solved, there are a lot of unsolved crimes. It's a good thing at least one freak didn't earn his "pension.
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Each country will first of all do everything to defend its interests. China buys Russian oil and gas and sells its resources to Europe. Saudi Arabia buys Russian oil products and sells its own to Europe. European countries buy Russian oil products in African countries. Russia cannot be isolated, but for other countries, on the contrary, this situation provides a good opportunity to earn or buy resources for cheap.
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Now real inflation is XX% in the US and Europe, but since countries are constantly changing their calculation methods, it is less in the tables. In many countries, inflation is XXX%. To achieve deflation, governments need to stop printing money, which is impossible to do now. If the bankers reduce the amount of money in the economy, then this will be done in order for large companies to buy out smaller and medium-sized companies.
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I don't understand the purpose of this article. I understand Elon Musk and other manipulators that they need hamsters to sell their coins on fear. Then the manipulators will buy these coins cheaply and a new crypto summer will come. The best strategy to counter such manipulation is hodling. |
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Can Gensler even sue the First Digital as for the release of this FDUSD?
Because if he can and can shut it down and forces the company then its just a company not backed by the government. But because Hongkong also backed this year token that is only for institutions, I think th Hongkong government will back First digital.
Theoretically, the SEC can do anything, but if the company is not registered in the US, does not sell its services to Americans, it has a KYC and AML, and the company complies with other requirements for the regulation of cryptocurrencies, then the chances of such a lawsuit are minimal. The company does not print dollars, but simply issues shares, 1 share costs 1 dollar. |
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We will hear of many platforms that will begin to exit the market due to insufficient reserves and may enter more serious platforms instead of those that use customer funds for personal purposes. I recommend anyone to withdraw their coins from centralized exchanges temporarily. The bad side (perhaps the good for some) is that the next stages may include staking and central financing, which means that most proof-of-stake coins may not be able to continue because they will be taxed or some restrictions. Do you know what the final version of the law is? Or the amendments that have been made to the draft law? I have nothing to do with Europe, so I'm not interested in the nuances, but European legislators plan to implement this law throughout Europe.They divided the tokens into ART, EMT, Utility Tokens and others. More details can be found in the overview of the law. Each token, depending on the type, will be regulated differently and they will have different regulatory authorities. KYC and AML are adding to this, and now crypto projects are obliged to obey the requirements of regulators, and not do what they want as before. |
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There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
Smart people compare a good investment to a long journey. If you want to make money on the manipulation of new coins that will die in a month, then working in this market you will not get investment experience. It's just a game of chance to win, but only the casino earns in gambling. |
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https://www.coindesk.com/policy/2023/05/31/eu-formally-signs-new-crypto-licensing-money-laundering-rules-into-law/EU Formally Signs New Crypto Licensing, Money Laundering Rules Into Law"The news was announced on Twitter by the Swedish government, which is chairing legislative talks as it holds the EU presidency. A parliament spokesperson confirmed to CoinDesk that the laws in question include MiCA and the transfer of funds rules as well as two unrelated regulations on trade with Ukraine. MiCA will enter into force in a few weeks after being published in the EU’s official journal, which is likely in June. Its provisions – offering crypto exchanges and wallet providers a license to operate across the 27-nation bloc, and requiring stablecoin issuers to hold appropriate reserves – will take effect between 12 and 18 months later."
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"The seed phrase must not leave the hardware wallet", it's as simple as "not your keys, not your coins"
If the ledger implements this, then this wallet should be blacklisted by the correct crypto users. Ledger is no longer a secure crypto wallet and I am not interested in reading their papers because they do not understand the principles of cryptocurrencies. There are enough custodial services in the world.he world.
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We should not forget that politicians have a tendency to promise the moon and beyond in order to get elected somewhere, then have to settle into the reality of having to work with a bunch of bureaucrats who make it hard to get anything done, not to mention the politicians turning on their own campaign promises. I don't see why people should buy into such promises anymore. In Russia, after the elections, politicians forget about promises  In the United States as well (unless they are negative promises)  Promises must be reasonable. Does Ross Ulbricht stand a chance of pardon? It seems that the US authorities want him to die in prison, so he received almost 3 life sentences. I don't think an American President will give a pardon to a drug dealer and a man who has committed many crimes in the US. |
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It is true that ChatGPT has gained a lot of popularity since its launch in November last year. While some people may worry that this technology will destroy the job market, OpenAI CEO Sam Altman believes that the technology will never destroy the job market. Rather, this technology will solve things that people never knew about.
This technology has already been learned to fight, because it uses algorithms to obtain information. If you understand how algorithms work and place information in the right places, then these AIs will give you the answers you need. For example, offer your company or your token for investment  |
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The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.
The richest man on earth is earning whatever amount he is earning due to the advantage of what he knows or can do.
So, before you can move from earning $100 dollar monthly to $1000 per month,
One of the major thing you must scale up is your knowledge.
So ask yourself, what should I know that can make me ×2 my monthly income?
Seek knowledge always.
I agree with you. It is practical knowledge that brings wealth. Another thing is that some knowledge cannot be used in practice due to the lack of an appropriate system infrastructure. I am now listening to lectures by the philosopher and methodologist Pyotr Shchedrovitsky. He explains in detail the reasons for this phenomenon. You will not be able to apply knowledge in the absence of an appropriate social and industrial infrastructure. Therefore, not all knowledge allows you to make a profit. Solving specific production tasks, you can clearly define what kind of additional knowledge and skills you need. And you can buy Ripple now and become a millionaire You say that "not be able to apply knowledge in the absence of an appropriate social and industrial infrastructure", but what about without examples. If you have become a good cook, then why live where cooks are not needed. Otherwise, how will you gain knowledge? |
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https://www.reuters.com/article/idUSL8N37S1OO"DUBAI (Reuters) - The UAE Central Bank has issued new anti-money laundering and counter-terrorism financing guidance for financial institutions when dealing with virtual assets, such as cryptocurrencies and non-fungible tokens, it said on Wednesday. The new guidance discusses the risks arising from dealing with virtual assets and virtual asset service providers, including on due diligence for licensed financial institutions when dealing with these customers and counterparties, the statement said. The guidance, which will come into effect within a month, applies to banks, finance companies, exchange houses, payment service providers, registered hawala providers and insurance companies, agents and brokers."
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