Regulations and DeFi

[Anonymous No.51071401]

Anons, with the recent regulatory advances in the crypto space, including the MiCA provisional agreement releasing in the EU and the Framework for International Engagement on Digital Assets in the United States, it's obvious that regulatory clarity will soon be provided in this space. What do you think this means for DeFi?

[Anonymous No.51071431]

>>51071401
Honestly, even if there is regulations, it is all dependent on each country. EU, US, Canada, New Zealand, South Africa all have different crypto regulations. It means nothing particularly for the market as a whole unless it is globally implicated.

[Anonymous No.51071447]

>>51071431
Regardless, if you look at MiCA, it's some hectic stuff. Outwardly notes that Crypto Currency assets don't fall under the scope of EU legislation of financial services.

[Anonymous No.51071472]

>>51071447
But if you look at it that way, it basically just implies that there are no rules for any crypto related services Whether that is exchanging crypto assets against actual national currencies or just holding crypto

[Anonymous No.51071506]

>>51071401
There have been positive macroeconmic impacts because of MiCA. e-money can only be issued by electronic money institutes or credit institutions Crypto jeets need to understand that what is best for DeFi may not be beneficial to the macro economy. Regulations are important for economic stability. .

[Anonymous No.51071643]

>>51071431
Also, if you actually research about it, Mairead McGuiness of the European Commission asked for international cooperation for this, claiming that they want to ensure they don't regulate on their own.

>>51071472
That and to keep reserves that are like bank styles for stablecoins and a €200 million cap per day on transactions.

>>51071506
No, but there has to be middle ground.

[Anonymous No.51071703]

>>51071401
This means Everest ID won

[Anonymous No.51071728]

>>51071447
>>51071472
Everyone is speaking about MiCA but what about the regulations for US, anons. What does it mean for us

[Anonymous No.51071850]

>>51071703
What do you mean

>>51071728
Haven't read much about it but apparently it's a solid step "forward" in allowing crypto assets play a "regulated" role within the economy.

[Anonymous No.51071871]

>>51071401
Crypto regulation is inevitable, I think interacting with privacy chains will be a good way to escape higher taxation

[Anonymous No.51071904]

>>51071850
Well dyor on Everest ID, this is the mark of the beast, the anti-monero, the ultimate reason as to why crypto exists.

[Anonymous No.51071922]

>>51071401
All of this is irrelevant when we know eventually TradFi will integrate DeFi into Global Finance. Regulations are unavoidable, worrying about it makes no sense. We just need to hope balance is found enough to maintain DeFI as,,,, decentralized.

[Anonymous No.51071947]

>>51071904
Not you making it sound all biblical, kek. What does anti-monero even mean


>>51071922
Why would TradFi integrate DeFi into global finance in the first place

[Anonymous No.51071973]

>>51071947
digital identity = mark of the beast, this is klaus schwab's dream

ID2020 funded by gates+ rockefeller foundations and gavi have listed everest here https://id2020.org/projects

[Anonymous No.51072001]

>>51071947
TradFi has to respond to the demands of consumers, kek. The normalization of digital currencies, crypto adoption etc will eventually cause Traditional finance to adapt and change.

[Anonymous No.51072053]

>>51071431
A globally implicated regulation is what USA wants and that is no good.

[Anonymous No.51072054]

>>51071431
It means users from those specific countries would stick by those rules.
If big player country have such sets of regulations like US or China.
Pretty much would affect others In a way

[Anonymous No.51072076]

>>51071871
I think privacy and utility tokens are the best option at the moment.
>>51071973
Thanks
>>51072001
That is true but aside from the Harmony One hackathon to bridge DeFi and TradFi, I've seen no other effort to bridge the two. How far fetched is this goal

[Anonymous No.51072103]

>>51072054
China bans bitcoin regularly, it affects the market but not as significantly as expected, imo. US regulations on the other hand may have a greater impact, if adopted internationally.

[Anonymous No.51072119]

>>51071401
if its anything like how they regulated tornado cash its the most jewed approach on the planet: cant stop an unstoppable protocol so let's just say anyone who receives funds from it must be guilty

[Anonymous No.51072122]

>>51071871
these regulations will also affect those privacy chains, so we need something better.

[Anonymous No.51072139]

>>51071947
Because TradFi is the accepted means of finance presently, and we need people currently building there to see the opportunities that DeFi provides.

[Anonymous No.51072148]

>>51072076
Very well, over the pass months, I've been carrying out both DeFi activities, gaming and nft transactions using a privacy network without any external body having access into my transactions
Although I'm pretty sure that not all the privacy projects will survive the heat

[Anonymous No.51072156]

>>51072053
They loosing grip of the global finance, they just aren't wanna admit reality

[Anonymous No.51072189]

>>51072119
That shits sucks, how could an airdrop I receive get me to this trouble. Regulations are insane

[Anonymous No.51072230]

>>51072122
It will definiytely affect most of them, but those with transparent and auditable features like Secret Network and a few others will never be affected

[Anonymous No.51072245]

>>51072156
They can't stop it, there's always going to be changes, and cryptocurrency and DeFi are bringing those changes.

[Anonymous No.51072370]

>>51072076
If I am not mistaken some of the top Swiss banks are in the Openwealth association, making it easy for them to enter DeFI. And some have mentioned utilizing technology of projects like Allianceblock and TRM labs,

[Anonymous No.51072381]

>>51072230
the regulation is coming into he whole crypto space jeet.

[Anonymous No.51072406]

>>51072122
What do you think we need, then

>>51072139
But would they try to work with DeFi or hinder the growth of decentralization

>>51072148
What network

>>51072156
Hmm why do you say so

>>51072189
Kek... right

>>51072230
Why is SCRT an exception

>>51072370
Is this the same one associated with LSEG

[Anonymous No.51072430]

>>51072370
What services will AllianceBlock offer to them that will not anihiliate DeFi?

[Anonymous No.51072484]

>>51072381
You don't seems to get it
Do you think we can escape regulation?
Absolutely no
Same way you can't do without privacy, that's why you need a network that will be in agreement with regulations

>>51072406
Secret is exception because their network is auditable(you decide who sees your transactions), not all privacy project has similar features

[Anonymous No.51072549]

>>51072406
I'd say we focus on building DeFi to a state where it offers so much that the Feds and Sec just embrace the idea of decenralization.
Some projects are doing their best, but most importantly we need to fuck those P&Ds out of the space.

[Anonymous No.51072639]

>>51072484
Now I get the point, doesn't avoid sec, just makes the impact kind of lighter.

[Anonymous No.51073008]

>>51071922
This sounds interesting. But how would TradFi integrate DeFi into the global financial space. Have you asked yourself that question before saying all these craps?

[Anonymous No.51073097]

>>51071947
TradFi is accepted globally as a means of finance. Lately many are diving into DeFi and for it to be accepted globally, TradFi has a role to play.

[Anonymous No.51073134]

>>51072639
Exactly anon
If security operatives intend to carry out an audit on a suspicios transaction and if they are able to do that successfully, the need to blacklist such project is not necessary

[Anonymous No.51073175]

>>51071871
>Interacting with privacy chain

Did you see how things played out for Tornado Cash?

If they want you they will get you

[Anonymous No.51073174]

>>51072370
You're totally correct. I have seen more partnership like the London stock exchange and other utilize the technology of the first project you mentioned.

[Anonymous No.51073273]

>>51073008
I think with time, that will happen gradually
Rome was not built in a day, but either way, privacy is a neccesity to differentiate defi from tradeFi

[Anonymous No.51073280]

>>51071506
crypto is the economys best chance of survival WEF clown

[Anonymous No.51073334]

>>51073175
Just take your time and compare Tornado Cash with Secret, you will know that the difference is much in many ways

[Anonymous No.51073393]

>>51072076
>>51071871

Utility tokens are the key and privacy too, more reason why I think that despite the dip, affecting alts, privacy gems like Scrt, Qredo and even Sylo will survive them all, cause why not.
The latter be building more on data privacy, decentralized comm., P2P payments, amongst other things so bank on that anons.

[Anonymous No.51073411]

>>51072406
Yes!
It's the one associated with LSEG. It is even associated with Portugal finlab companies.

[Anonymous No.51073548]

>>51073134
This is why both DeFi and TradFi will need to blend properly, AllianceBlock as well has this plan for a trustless KYC, where users will be allowed to control the amount of information they give out.

[Anonymous No.51073552]

>>51072430
I think they recently launched a Fundrs mainnet that would drive capital influx into DeFi.

[Anonymous No.51073783]

>>51073273
It'll be easier if most of those memes and shits all focus on adding useful products. some projects are pushing good, but more will be better.

[Anonymous No.51073794]

>>51071947
>Why would TradFi integrate DeFi into global finance in the first place.

I am shocked by how TradFi still appeals to anyone in 2022 cause if not you would see the light and get why DeFi is the way to go.

[Anonymous No.51073875]

>>51072103
Very true, US regulations affect both stocks & crypto inadvertently.

[Anonymous No.51073895]

>>51073552
Aside the capital it'l bring into DeFi, how about the products that these startups will bring in as well?
I smell huge advancements here as many new projects and startups will now receive the capital to carry out the ideas they got.

[Anonymous No.51073913]

>>51072139
Adoption would bring about wide spread acceptance.
Well, we need to regulations to guarantees safety .
Some DeFi projects are bracing up to this effect

[Anonymous No.51073931]

>>51071401
Everest will be mandatory in a year.

[Anonymous No.51073951]

>>51072245
Why is it taking forever to come to live
We need this to happen in Earnest
>>51072370
Why isn't this mainstreamed? Any projects having this such movements would do numbers

[Anonymous No.51074006]

>>51071401
I don’t know what’s more bullshit, if MiCa regulations or OFAC compliant DeFi
If I’m doubt stick to BTC, self custody and avoid KYC as much as possible

[Anonymous No.51074022]

>>51073931
>invest in mass financial surveillance
KYS

[Anonymous No.51074049]

It depends which type of regulations you end up with in your country.

>modern regulations that actually protect, inform, and educate individuals financially
Hell yea, awesome. That's REAL adoption and we will all benefit from it.

>regulations that actually fix nothing, educate no one, and serve only to exclude individuals from a corrupt market intended to be a playground for the super rich
This is the shit that makes crypto bros foam at the mouth. But I think the past two years have woken a lot of people up from that delusion. Because it's become increasingly clear that all these 'decentralized' networks have already become playthings for billion dollar exchanges with back room deals propping them all up together. It's already a playground and we're already excluded. Regulations didn't ruin anything, billionaires did.

[Anonymous No.51074159]

>>51073875
Are Stocks not regulated already? Or am i missing something?

[Anonymous No.51074760]

>>51073913
In as much as regulations scare the living light out of me i think it's needed to take DeFi to the next level as it would give more TradFi investors confidence to invest in the space.

[Anonymous No.51074801]

>>51073913
Several projects are working on this already, AB got TIDV coming, this should profer a solution to this.

[Anonymous No.51074831]

>>51073951
>Why is it taking forever to come to live
We need this to happen in Earnest
its a matter of time, it'll be a huge innovation you know.

[Anonymous No.51076686]

>>51073794
Not your keys not your coins baby
>>51073548
>>KYC-ing would be revolutionary indeed. Trustless identity verification of Alliance block seems to have this underway

[Anonymous No.51076724]

>>51074159
Prolly a Chad
>>51074760
Scares me too, it's needed For sanity

[Anonymous No.51077012]

>>51072549
The only way they would ever acknowledge the idea of decentralization is if it's regulated which defeats the whole essence of decentralization.

[Anonymous No.51077111]

>>51073334
I think the logic behind this >>51073175 is that the FEDs can bring any platform down.

[Anonymous No.51077616]

>>51073548
This looks great. When would the Trustless KYC launch? This seems to be the first in the DeFi space.

[Anonymous No.51077651]

>>51071401
>Regulation
HAHAHHAAHAHHAAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAAHHAHAHAHAHAHAHAH

[Anonymous No.51077662]

>>51073895
This is actually very correct. The Fundrs is actually a revolutionary product that DeFi would appreciate.

[Anonymous No.51077891]

>>51073794
DeFi is the way forward. Once you have a taste of how secured it's, one would adopt it. Glad Allianceblock is working to bring TradFi and DeFi together.

[Anonymous No.51078063]

>>51074801
I learnt the TIDV should come next month and it would work with the Fundrs. This is correct right?

[Anonymous No.51078126]

>>51077662
So what would you now say about it's DeFi terminal that other projects are leveraging on for liquidity mining and staking campaigns?

[Anonymous No.51078190]

>>51073552
The Fundrs would work with TIDV to ensure compliance and regulatory rules. I look forward to it.

[Anonymous No.51078295]

>>51078063
Yes. Both the TIDV and the Dua and Bonq token launch should go live next month.
I'm expectant.

[Anonymous No.51078604]

>>51078126
Yes!
I have seen that most projects keep extending their use for the liquidity mining and staking campaigns.

[Anonymous No.51079095]

>>51073783
Meme and shit coins only work during the bull market. During the bear market, only project that offers solid product standout.

[Anonymous No.51079205]

>>51073097
TradFi and DeFi working together would be a win for everyone. Allianceblock is making this possible.

[Anonymous No.51079426]

>>51079095
It's logical during the bear market no one is buying the next shibadogeelon attention is mostly placed on projects with working products.

[Anonymous No.51079657]

>>51074006
Is there a way to avoid KYC considering majority of these CEXes are mandating it already, things seem to be fucked up now.

[Anonymous No.51080652]

>>51071401
I look forward to Privacy protocols showing some strength at this point. Monero, Secret Network and the likes.

[Anonymous No.51080685]

>>51072230
Hopefully, this happens anon. Let's see what plays out.

[Anonymous No.51081372]

>>51079657
Stay decentralized. That's how

[Anonymous No.51081531]

>>51076686
sure, I believe in the trustless KYC concept
allianceblock are bringing in.

[Anonymous No.51081553]

>take all of the things that blockchain was created for and remove them
>make your new scam chain traditional finance with extra fees, less security and less privacy
future of finance lads

[Anonymous No.51081593]

>>51077012
so what next.. at least, I'll say we see how AB's TIDV functions with Fundrs, which will be soon.

[Anonymous No.51081641]

>>51077616
this should firstly be implemented on their product Fundrs, probably next month.
>>51077662
DeFi as a whole will feel it's impact.
>>51078063
yeah, next month isn't that far right ?
>>51079205
This is why it seems like crypto is dead, cause we have way more shits and memes than solid projects around.

[Anonymous No.51082261]

>>51071922
Most definitely. The regulations would need to come before we experience mass adoption of crypto. Privacy systems would play a part in this too cause most institutions would want to make investments in Defi and keep it away from prying eyes.

[Anonymous No.51082609]

>>51080652
I still don't get the hype around privacy tokens.

[Anonymous No.51082930]

>>51071401
Means one thing. Cross-chain identity protocols will very soon become a big priority for average DeFi users.

[Anonymous No.51082960]

>>51071472
There may be no rules, but it's only a matter of time before there is some form of self-regulations where users are able to maintain full control over their identities and rights on-chain.

[Anonymous No.51082972]

>>51071728
US will obviously suffer the biggest blow

[Anonymous No.51082982]

>>51071703
Well, provide figures to back your assertions. At least, ORE ID can boast of over 200k accounts registered so far.

[Anonymous No.51083032]

>>51071401
It means
>more government insight on the flow of digital money
>more tax revenue

[Anonymous No.51083043]

>>51071871
Well, privacy systems shouldn't be about escaping legal demands. The emphasis is on the fact that privacy is a right and there is nothing illegal about wanting to stay private. This is why privacy systems like Railgun which gives users the option to provide a transparent report of their transaction history if it is demanded by regulators should be encouraged.

[Anonymous No.51083058]

>>51081372
Now, the question is how can you stay truly decentralized

[Anonymous No.51083086]

>>51082609
It might be because you're critically retarded. It's not difficult to understand how the demand for privacy, which has already started, will influence privacy tokens.

[Anonymous No.51083534]

>>51082609
You don't have to get the hype. But don't forget to shield your transactions and balance. You have been warned

[Anonymous No.51083993]

>>51083043
>Well, privacy systems shouldn't be about escaping legal demands
that explicitly is the entire fucking point, half the 'legal demands' were control scams since thier inception and getting worse everyday. there must be an escape. humans are niggers, selfish and corruptable. the people imposing regulations on you arent trying to play fair, they are trying to destroy your livelihood. If they were any good at governing the systems our entire economy wouldn't be a pile of fake and gay shit and satoshi would never have bothered to make bitcoin in the first place.

[Anonymous No.51084235]

>>51081553
this, retards. it's a dead chain

[Anonymous No.51084334]

>>51072156
This. China and Russia called Biden's sleepy empty threats, and they are in a position to replace the dollar more than the US is in a position to maintain the dollar (McMoney).

[Anonymous No.51085659]

>>51079657
The best bet would be for DeFi projects to get a customised KYC infrastructure like what is being proposed by Alliance Block TIDV.

[Anonymous No.51085986]

>>51082930
The next advancements in DeFi will be one where there's a seamless interaction amongst different chains and that seems t be one of AllianceBlock's core vision.

[Anonymous No.51086425]

Lots of helicopter riders itt

[Anonymous No.51088027]

>>51071871
You have a point anon. Full decentralisation will take time. More reason some projects like Freeway are taking the cedefi approach. Time will tell.

[Anonymous No.51088041]

>>51078126
Passive income have been saving lives now anon. I slurp supercharger rewards on my eth and stables. How about that?

[Anonymous No.51088083]

>>51071401
Regardless of regulations, the use of crypto for payment is rapidly expanding. If the team ever implements the projected metaverse banking, XPRESS, one of the payment methods, will take DeFi to the next level

[Anonymous No.51088180]

>>51071401
It means that the powers that be have begun to grudgingly accept crypto. That's why I'm banking on projects like Xpress and Coti which are crypto payment processing projects.

[Anonymous No.51088187]

>>51088083
Metaverse and defi in one word? Are we about to have a nexus between the two?

[Anonymous No.51088404]

>>51088041
Passive income is priceless. I dont missed out on that anon. This why I'm staking on platform with working products

[Anonymous No.51088417]

>>51088187
Lol, that's the innovation we talking about anon. I'm also curious to see how it works so i can unlocke the benefit attached to it

[Anonymous No.51088617]

>>51083086
Pleb. You privacy shit solves nothing. Insured and brokerage systems like freeway sounds better to me. Think.

[Anonymous No.51088638]

>>51083534
Focus more on the market situation and how supercharger yields can save your life. It's not rocket science.

[Anonymous No.51088649]

>>51085986
They partnered with one of the projects I'm looking into. Xpress. They have good staking features. Gotta give them that

[Anonymous No.51088664]

>>51088417
I'm curious to see how all these pan out. I'm tired of projects biting off more than they can chew

[Anonymous No.51088676]

>>51071728
I hope this regulation doesn't have to affect privacy-focused projects like Secret Network and the like.

[Anonymous No.51088873]

>>51088649
I've heard they partner with Travala, a transportation company, so users may book flights, hotels, and other services with the token.

[Anonymous No.51088898]

>>51088664
Keep calm anon. Is wise joining the ongoing staking pool to earn passively even as the bear market persist