Jul. 1, 2022: Aggressed are the MiCa 🇪🇺💶
What to Expect from EU’s Cryptocurrency Regulation
Welcome frens, have you joined our new Discord?
Look at that! Finally some good news?
Don’t get your hopes up, fellow degens. We don’t get to have nice things yet.
If you’ve been in crypto for a while, you’ll know that just like vultures to roadkill, bear markets bring opportunistic regulators. The situation is particularly dire for our frens in the EU.
As European legislators finalize their cryptocurrency legislation, we have one action item for you… if you’re stashing money on the sidelines waiting to buy the dip, put a bit of this money towards the EU Crypto Initiative. This organization has evolved into a well-organized counterweight to this fiasco. Follow, join their social channels, and donate — by far the best investment you can make in this environment.
If you’ve already done this, here’s a second action item. Consider hosting a Euro-developer refugee. Over the next 18 months, we’re certain to see all the best talent flee Europe en masse. The subcontinent already faces rough enough macro headwinds, so it’s odd they’re chasing out their best and brightest, but so it goes.
Set up a cot in a spare corner of your living space, and lend it out to devs escaping Europe. Agree to give it for free if the dev is launching a token and can airdrop you some. Devs can cobble together an “Airbnb for Coding Refugees” website and line up a modern underground railroad. Maybe it’s not the yachts and lambos dream that attracted us to the space, but this is the life that chose us nonetheless.
To follow is a more thorough dissection of the EU agreement and other regulatory developments elsewhere.
Thank You Subscribers! For all newbies, note that all newsletter subs go to PAC DAO, a public goods organization in talks with EU Crypto Initiative. You are helping the fight!