MICA Vote Passed

[Anonymous No.54666550]

https://www.coindesk.com/policy/2023/04/20/eu-parliament-approves-crypto-licensing-funds-transfer-rules/

>Lawmakers in the European Union on Thursday voted 517-38 in favor of a new crypto licensing regime, MiCA, with 18 absentions, making it the first major jurisdiction in the world to introduce a comprehensive crypto law.

https://www.europarl.europa.eu/news/en/press-room/20230414IPR80133/crypto-assets-green-light-to-new-rules-for-tracing-transfers-in-the-eu

>MEPs approved with 529 votes in favour to 29 against and 14 abstentions, the first piece of EU legislation for tracing transfers of crypto-assets like bitcoins and electronic money tokens.
>The so-called “travel rule”, already used in traditional finance, will in future cover transfers of crypto assets. Information on the source of the asset and its beneficiary will have to “travel” with the transaction and be stored on both sides of the transfer.
>"This puts the EU at the forefront of the token economy with 10 000 different crypto assets."
>"This will close a major loophole in our AML framework and implement in the EU the most ambitious travel rule legislation in the world so far, in full compliance with international standards."

[Anonymous No.54666556]

>I am spending a lot of time in EU, and working on our transition to a MiCA license with various activities covered. Most expect a vote by the EU in April, which means the earliest a MiCA license can be legally issued is 18 months later. Given the years of work Everest invested into the VFA regime in Malta, I feel confident that we will be MiCA-compliant very, very quickly, and likely be (one of) the first recipient. Areas of particular interest in this realm are e-money tokens (fiat-backed) and asset-referenced-tokens (i.e. tokenize a basket of ETH+Gold+BTC+USD), which open up a multitude of opportunities, especially related to Everest's token engine with CRDTs and actually custodying fiat. It truly is an exciting time to be alive.

[Anonymous No.54666568]

>>54666556
>>54666550
gm ser, you know you street shitters don’t have to green text everything, correct? No one’s buying your scam bags though, jeet’

[Anonymous No.54666571]

Reminder the US are going to be implementing their own framework, inspired by MICA.

https://www.dlnews.com/articles/regulation/congress-sends-team-to-study-mica-eu-cryptocurrency-law/

>Over a dozen US Congressional staffers – largely crypto and fintech specialists – will be heading to Brussels and Paris, tasked with learning about the EU’s new legal framework for crypto.

[Anonymous No.54666590]

>>54666550
Why is whenever the state claims to “protect market stability and consumers” it’s always almost the opposite?
>Clt anon don’t tell me you think Everest fits into this dystopia

[Anonymous No.54666596]

>>54666550
TWITTER SCREENSHOT THREAD!!! WOWZORS!!!
No kym filenames found

[Anonymous No.54666597]

God bless europe that protects investors from tether and binance scams

[Anonymous No.54666598]

Everest is a scam.

>>54666588
These shills appear every few weeks to spam the board with their dead coin

[Anonymous No.54666631]

You would spit in the face of Divinity given the opportunity. Fortunately hylics of your calibre never reach such heights. Get help.

[Anonymous No.54666665]

we are the everest pajeets and we shit in the street! we need 4chan, to advertise our scam!

lol if everest was legitimate you wouldn’t need to be here.

[Anonymous No.54666816]

https://legalnodes.com/article/mica-regulation-explained

>The key objectives of MiCA are:
>To replace individual regulations found within several EU nations with one unifying and comprehensive framework
>To set clearer rules for crypto-asset service providers and token issuers
>To provide more certainty in the regulation of crypto assets where it is not covered by the existing financial regulations

>Businesses covered by MiCA, or crypto-asset service providers (CASPs), include:
>Custodial wallets
>Exchanges for crypto to crypto transactions or crypto to fiat transactions
>Crypto-trading platforms
>Crypto-asset advising firms and crypto-portfolio managers

>Algorithmic stablecoins are banned and asset-backed stablecoins must comply with strict rules

>After the “transition period” —18 months after MiCAs eventual adoption—all EU crypto-businesses will need to receive an authorization to operate as a crypto-asset service provider.

[Anonymous No.54666834]

How To Report Cryptocurrency Scams like Everest

Report fraud and other suspicious activity involving cryptocurrency to

>FTC at ReportFraud.ftc.gov

>Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint

>U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr

>Internet Crime Complaint Center (IC3) at ic3.gov/Home/FileComplaint

[Anonymous No.54666893]

>>54666550
>"a world first"

[Anonymous No.54666908]

this thread smells like curry, isn’t everest a dead coin from 2018?

[Anonymous No.54666923]

[Anonymous No.54668264]

>>54666550
Everest chads rise up

[Anonymous No.54668987]

>>54668264

[Anonymous No.54669189]

>>54666550
So what does this do for me? Explain to me like I'm a retard

[Anonymous No.54669257]

>>54669189
>>54668987
Lol you pajeet shills aren’t organic at all. Too obvious. Just buy an add you pajeet shills. Your scam thread keeps going to page 9 for a reason.

[Anonymous No.54669274]

>>54669257
I'm White though. Just some burger on the shitter. I haven't even heard of Everest, nor do I care about it.

[Anonymous No.54669303]

>>54666631
>Slavery is divinity

[Anonymous No.54669338]

>>54669303
You misunderstand what my point there was. I was not equating the Monad or any such Divinity with the crypto WEF etc shit that's going on here. I was making a point as to both the disgusting nature and failure to comprehend truth of the seething, mentally ill retard.

[Anonymous No.54669410]

>>54669338
Says the pajeet shill. Lol. You get so angry about being called out for promoting your low volume scam on 4chan

[Anonymous No.54669416]

>>54666550
so if it's going to replace country-based regulation, will it be something sensible like austria's law or the usual retarded 'every botted dust transaction must be printed out on a pdf' like krautistan, spoonfeed me

[Anonymous No.54669453]

>>54669416
>gm ser spoon fed me so we make organic conversation to promote our scam

[Anonymous No.54669650]

The only thing this will change is that you'll get a bit more text to scroll through before you click "Accept" before transacting with any centralized crypto service provider.

Just like with GDPR

[Anonymous No.54669875]

>>54666571
>>54666556
>>54666631
>>54666816
>*blocks your path*
https://www.shyft.network/

[Anonymous No.54669901]

>If you dont hold it, you dont own it

[Anonymous No.54670197]

>>54669875
This is a nice looking website. I've had a skim through the whitepaper and can't say I'm convinced.
https://uploads-ssl.webflow.com/619d6b083650f27552fb105a/61f0934cccb99e60d175387d_shyft-network-inc-whitepaper_v4.1.pdf
It sounds like Shyft is a platform that provides secure messaging, and that's the how they perform kyc. If that's the case then how does it differ to the other credential sharing DID platforms? If anything it would benefit from integrating Everest. A footnote at the bottom of the last page implied such a possibility.
Please correct me if I am mistaken, as I am very enthusiastic to learn about all projects in the identity and compliance space.

[Anonymous No.54670220]

>>54670197
Lol rankeesh this is so sad. Your competitors even come and shill their products in your scam threads and you have to sit there and take it

[Anonymous No.54670242]

Everest doesn't have competitors, I am humoring him.
How many IPs are you going to use in this thread, you seething, mentally ill retard?

[Anonymous No.54670260]

>>54670242
>says the angry pajeet. Everyone who calls you a scam is one person? Are the fudders in the same village with you rankeesh? lol everest is a scam. :)

[Anonymous No.54670278]

You are one person, I recognise your posts because we have interacted so many times. Your name is supposedly Jack and you had something to do with holding ROSE and being a part of the Chainlink Unofficial discord. I don't care so much for that, I know you as the mentally ill seething retard, and you always shall be. I won't be responding to you again itt.

[Anonymous No.54670294]

>>54670278
Seethe and cope rankeesh. Jack lives in your head and you need to poo in the loo

[Anonymous No.54670305]

>is on a panel with Brad Garlinghouse
>one month later she's introducing the legislation which will kill BTC and lead to XRP becoming the standard
XRP schizos eating good

[Anonymous No.54670341]

even XRP is advertising in everest scam threads. lol rankeesh.

[Anonymous No.54671237]

[Anonymous No.54671322]

>>54671237
lol straight to page 3 buy an ad rankeesh. Low energy shilling

[Pay Up No.54671397]

>>54666550
>protecting consumers
>safe guarding financial integrity
>>54666590
lol, lmao. autists will make new nations. get fucked old guard.

[Pay Up No.54671408]

>>54671397
ah what the fuck this is an everest shill thread isn't it
fuck you guys, I'm not using it

[Anonymous No.54671505]

[Anonymous No.54671652]

>>54671408
yeah it’s a pajeet shill thread from one paid rankeesh