Trust in Crypto
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Sharing information to create a more trust worthy crypto ecosystem
Si, what kind of protocols are not going to be clearly under any of these regulations (MIFID and MICA).
It is not a easy question to answer but lending and similar protocols are not under any financial regulation.
It is not a easy question to answer but lending and similar protocols are not under any financial regulation.
And this is the question. Is MICA going to aligned whit IOSCO’s guidelines.
Probably…
There are not guidelines issued by ESMA (the European securities exchange authority) but this is being the approach.
Probably…
There are not guidelines issued by ESMA (the European securities exchange authority) but this is being the approach.
Secondly, those protocols that offers services contemplated in MiCA Regulation.
And yes, I mean DEXs as the most clear crypto assets service providers (CASP).
But, Fran, MiCA says that DEFI is out of its scope, what are you talking about?
Well, only fully descentralized protocols….
And yes, I mean DEXs as the most clear crypto assets service providers (CASP).
But, Fran, MiCA says that DEFI is out of its scope, what are you talking about?
Well, only fully descentralized protocols….
For this reason these protocols could be under the sight of supervisors.
And some of them are analyzing the road map for a regulated solution. And it is not easy….
And some of them are analyzing the road map for a regulated solution. And it is not easy….
IOSCO sent a clear message: it is difficult to find a real descentralizad protocol.
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD754.pdf
https://www.iosco.org/library/pubdocs/pdf/IOSCOPD754.pdf
Firstly, those protocols that could be offering regulated (MIFID) financial services.
Like derivatives or those that seems to be investment funds managers.
IOSCO, the international organization for securities commissions, like SEC but with a global approach.
Like derivatives or those that seems to be investment funds managers.
IOSCO, the international organization for securities commissions, like SEC but with a global approach.
Coming soon Regulation in Europe means a barrier or a opportunity for descentralizad projects.
It will depend on of what kind of project it is. Mainly, there will be two spaces it could be considered under a regulation:
It will depend on of what kind of project it is. Mainly, there will be two spaces it could be considered under a regulation:
And, what about NFTs?
In assessing the uniqueness and non-fungibility of a crypto-asset, such crypto-asset may be considered as unique and not fungible if its characteristics and/or the rights it provides distinguish it from the other tokens issued by the same (and any other) issuer.
In assessing the uniqueness and non-fungibility of a crypto-asset, such crypto-asset may be considered as unique and not fungible if its characteristics and/or the rights it provides distinguish it from the other tokens issued by the same (and any other) issuer.
Guidelines of classification of crypto assets as financial instruments under MiCA with a very narrow approach related to what a security token is.
Crypto-assets might be recognised as transferable securities if they grant rights similar to shares, bonds or other securities.
Crypto-assets might be recognised as transferable securities if they grant rights similar to shares, bonds or other securities.
The scope of Mica is becoming broader than initially thought.