Compliance That Makes Sense

182 - Why MICA Regulation May Be Bad


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In the latest episode in my 'From Risk to Rescue' series, I discuss what MICA is, some of its benefits, and why I think the cons outweigh the pros.

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Today's episode:

[00:47] An overview of today's focal topic.

[00:57] The most commonly-cited MICA benefits.

[02:09] What MICA is.

[02:56] Why I am not a fan of the Travel Rule.

[03:47] My concern with the way lawmakers value crypto.

[04:58] Some of the MICA requirements for stablecoin issuers that I disagree with.

[07:34] The story of Luna's stablecoin collapse.

[08:40] The biggest issues with the current financial system.

[10:47] The main purpose of MICA.

[11:12] Negative outcomes that MICA is likely to cause.

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Compliance That Makes SenseBy Yana Afanasieva

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