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

Similarly, organization in crypto can encourage greater transparency by utilizing blockchain’s distributed ledger technology. We’ve seen legislation such as MiCA crack to implement verification measures to bring Web3 in line with existing financial institutions. For example, it limits non-KYC’ed billfold addresses to 1,000 euros (~$1,057) per transaction — while KYCd addresses can transact freely. This could be reckoned a positive step in the right direction. Larger participants hold a greater share of the market, so, they should be functioned more accountable for their on-chain behavior.