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Questions about the MiCa regulation on 31.12.2024

I saw a post on Instagram the other day and am quoting the content here. What do you think?


What about $BTC (-1,11 %) on a hardware wallet? That can't be controlled, can it?


Quote:

In the EU, the MiCa regulation will come into force on December 31, 2024.

Here are 3 things that will change:


  • Exchanges must verify that you are the owner of the wallet you are sending BTC to when making withdrawals.
  • For deposits on exchanges, you must be able to prove where your BTC came from (when and where purchased).
  • Stablecoin providers require a license and must be covered 1:1 at all times.
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I think it's absolutely stupid - except for the part about the stablecoins. The Satoshitest couldn't be more stupid either😅 but we'll have to live with that - or only buy on P2P platforms in future, which I'm not averse to either wäre🤷‍♂️
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