Swisstronik
@swisstronik-
Welcome back to Compliant Wednesday with the latest regulatory updates from around the globe! 🌍 Today: 🌐 Crypto firms consider geofencing 🇨🇦 Gemini exits Canadian market 🇳🇱 Dutch regulator warns of pump-and-dump schemes 🇪🇺 MiCA may cause crypto exodus to Middle East 🇦🇪 Dubai tightens crypto marketing rules Thread 🧵👇
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Swisstronik
@swisstronik-
🧵1/5 🌐 Crypto founders consider geofencing to block users in specific locations, responding to US regulatory uncertainty. Our take: Reflects lengths firms go to for compliance. Highlights need for clear, consistent legislation in the sector.
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Swisstronik
@swisstronik-
🧵2/5 🇨🇦 Gemini to close all Canadian customer accounts by end of 2024, following new regulatory rules for crypto exchanges. Our take: Another example of regulatory impact on crypto ops. Need balance between security and market participation.
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Swisstronik
@swisstronik-
🧵3/5 🇳🇱 Dutch AFM warns of crypto pump-and-dump schemes ahead of MiCA implementation. Our take: Good to see regulators addressing sketchy practices. Like removing bad apples to preserve the whole batch!
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Swisstronik
@swisstronik-
🧵4/5 🇪🇺 MiCA may lead to crypto firm exodus to Middle East due to stricter regulations, says expert. Our take: MiCA might challenge small crypto firms, but could be a win-win in the long run for the industry.
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