What the Crypto Industry Can Learn from Regulatory Transformations at PayPal, Robinhood, and Revolut

What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut

Likewise, regulatory frameworks within the cryptocurrency space can promote increased transparency through the utilization of blockchain’s distributed ledger technology. Initiatives like MiCA have aimed to establish verification mechanisms to align Web3 with established financial institutions. For instance, it imposes transaction limits of 1,000 euros (approximately $1,057) for non-KYC wallet addresses, while KYC-verified addresses enjoy unrestricted transactions. This represents a significant stride in the right direction. Larger market players, given their substantial market share, ought to bear greater responsibility for their on-chain activities.

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