182 - Why MICA Regulation May Be Bad

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.  If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    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.    Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

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