Is that good or bad in your opinion?
I'm one of the people who think government should keep its dirty hands out of private property, which bitcoin is. The way I see it all regulation is bad.
The EU wants more KYC and more paid licenses, that's what it's all about.
Next step - they'll reach into pockets of private users and demand them to declare their bitcoin wallets so they can assign each address to a name.
I think that governments have rights to attempt to regulate bitcoin in a variety of ways because there are a lot of aspects of bitcoin that relate to the public good...
yet, the level of their draconian-ness is likely another story in terms of how the various battles are going to play out, including the fact that bitcoin is likely going to force various governments to become more responsible, especially since bitcoin disincentivizes the debasing of the money because it competes with the governments in terms of attracting people into it.. because bitcoin is the most sound of monies, and it bothers a lot of government and financial people and even status quo richie (cantillionaires) who want to be able to control bitcoin, and they are not going to be able to use their traditional tools to control bitcoin like they have been able to do with other kinds of monies... but does not mean that they are not going to try... and even battle for a century or more before some kind of balance might be more in the mix, perhaps? In the mean time, our investment timelines are likely way shorter than a century in terms of choosing whether to buy bitcoin and how much.. or how to go about it based on our own circumstances.
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Well said.
happen, whether we like it or not. Keeping Bitcoin unregulated is one of the reasons for its relatively slow adoption. The goal should be to achieve a form of regulation that preserves the rights and freedoms of the people, by using Bitcoin's unique properties to exert pressure on the governments. This should be done gradually and smartly, using socioeconomical and scientific evidence to push for a pro-Bitcoin regulatory framework.
Having said the above, the battles to be fought will not be small, and there will be casualties and "collateral damage". The EU MiCA regulation is probably the first in a series of such battles to be fought.