EUROPE LEAVES OUT $BTC y $ETH de MiCAR.!
Mary-Elizabeth McMunn, governor of the Central Bank of Ireland:
"MiCAR will not cover all cryptoassets. Bitcoin and Ethereum are beyond the scope of this regulation, as they do not have an identifiable issuer."
So far, McMunn has not said, "Bitcoin is illegal." She said something worse institutionally:
"It is not under the umbrella of MiCAR, and therefore does not offer protection to consumers."
This statement plants the seed for future discourse:
"Bitcoin is unsafe."
"Bitcoin does not protect the citizen."
"Bitcoin is the tax haven of criminals."
Do you think governments are willing to lose their economic power and allow their citizens to live decentralized without government intervention?
NO.!
Bitcoin does not fit into governmental interests.
They want blockchain, not decentralization.!
McMunn makes it clear:
"We recognize the significant innovations of the distributed ledger..."
The system does want tokenization. It wants to use blockchain, but without individual freedom. What it seeks is a "Bitcoin on a leash," a CBDC dressed as crypto, controlled, programmable, and without privacy.
Mary-Elizabeth McMunn, governor of the Central Bank of Ireland:
"MiCAR will not cover all cryptoassets. Bitcoin and Ethereum are beyond the scope of this regulation, as they do not have an identifiable issuer."
So far, McMunn has not said, "Bitcoin is illegal." She said something worse institutionally:
"It is not under the umbrella of MiCAR, and therefore does not offer protection to consumers."
This statement plants the seed for future discourse:
"Bitcoin is unsafe."
"Bitcoin does not protect the citizen."
"Bitcoin is the tax haven of criminals."
Do you think governments are willing to lose their economic power and allow their citizens to live decentralized without government intervention?
NO.!
Bitcoin does not fit into governmental interests.
They want blockchain, not decentralization.!
McMunn makes it clear:
"We recognize the significant innovations of the distributed ledger..."
The system does want tokenization. It wants to use blockchain, but without individual freedom. What it seeks is a "Bitcoin on a leash," a CBDC dressed as crypto, controlled, programmable, and without privacy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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