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.
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” 😂
🇰🇷 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.
🇺🇸 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.
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: