Hi does anyone know how COTI will be dealing with

Question

COTI - Currency of the Internet

Joseph

Hi does anyone know how COTI will be dealing with

the regulatory crackdown on Stablecoin issuers?

#coti #cryptocurrency #english

0

09.10.2021

5 ответов

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Joseph Автор вопроса

How come Zippy?

0

09.10.2021

Joseph Автор вопроса

Zippy Zoro | Resolute Node
if you mean the possible restrictions on fiat/$ ba...

Yes I understand that algorithmic stablecoins reserves are not held by a central third party entitiy to collateralize their stability, but Gensler and co. have repeatedly said that regardless they will be pursuing stablcoin issuers because stablecoins themselves are securities. In their definition. Presumably more clarity to come

0

09.10.2021

Zippy Zoro | Resolute Node

Joseph
Yes I understand that algorithmic stablecoins rese...

Quick and dirty answer COTI has full KYC is and fully compliant in all regions where it allows retail buyers to partake. It does not allow US retailer buyers currently to stake or do KYC. So it's none of Gensler's or anyone in the US business. It should be the same as "China bans bitcoin" - it doesn't affect anyone not in that country and even then crypto is decentralized So no direct affect on COTI as COTI doesn't do business with retail investors in the US who the SEC has a mission to protect Longer and more polite answer COTI has full KYC is and fully compliant in all regions where it allows retail buyers to partake. Charles also only takes part in things which can not be classed as securities , He gave a really long talk where he mentions this (long interview https://www.youtube.com/watch?v=5-vsuU-OIhI) I can for sure see Tether crashing hard, it's sketchy and will most likely get hit first, , USDC will stick around as it has good enterprise backers (Visa - Circle and even the US Govt who use it to deliver aid to Venezuela https://finance.yahoo.com/news/us-government-enlists-usdc-global-193616264.html) I can also see Djed following the USDC route and being compliant with laws and used by enterprises and possibly even govt's. for stablecoins it's easy don't fight the system as they will crush you. Go the USDC route and work with Govt's and but 100% compliant

0

09.10.2021

Joseph Автор вопроса

Zippy Zoro | Resolute Node
Quick and dirty answer COTI has full KYC is and fu...

Thank you very much for your indepth answer Zippy, I have seen that video but your answer does put me more at ease.

0

09.10.2021