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Regulation: Protecting Incumbents And Suppressing Competition
Regulation brings fairness to the overall market and reduces the advantage of certain parties, this is doomed
Will regulation or consumer demand decide whether AI agents can move your money? ⚖️ @ramahluwalia expects more regulation. @biancoresearch thinks the public will demand the freedom. With @austincampbell and @perkinscr97.
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EU regulation: “Protect users’ privacy. Collect as little personal data as possible, and delete it when you no longer need it.” Also EU regulation: “Wait, you’re handling money? Find out everything about them store and never delete it” 😂
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🇰🇷 REGULATION: South Korea's presidential office is delaying its 22% crypto tax again, the fourth time it's been pushed back. It was supposed to kick in this January. 🫠
🇬🇧 REGULATION: The UK FCA just told DeFi projects that slapping "decentralized" on your app won't get you out of regulation. It says "true DeFi" isn't even a legal concept.
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🇺🇸 REGULATION: The IRS is about to make it way cheaper to confess your crypto tax sins. Lower penalties, 120-day resolutions and installment plans, all before December.
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More regulation doesn’t mean better regulation. We just released a response to the EU’s MiCA review consultation, where we call for greater regulatory clarity and to improve the existing framework rather than expanding it. Read our response:
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🇫🇷 REGULATION: French MPs voted 38 to 37 to tax crypto-to-stablecoin swaps at 31.4% from 2027, with only 100 of 577 lawmakers bothering to show up.