Decentralization and the Next Wave of Regulations
summary
EU regulation MiCA targets stablecoins and classifies a narrow slice of crypto while leaving fully decentralized systems out of scope; the law takes 7 years from draft to applicability, so regulation lags rapid protocol evolution. Member states issue divergent guidance (Denmark formalizes a definition of “fully decentralized”), and European teams build operational tools: a blockchain-agnostic open-source verifiable-credentials stack is live (open-source EU verifiable-credential code live). Tornado Cash prosecutions sharpen debates over developer liability and product-liability rules.
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chapters (7)
- 0:00Decentralization and regulations
- 2:14First wave of crypto regulations
- 8:38MiCA regulation strengths and weaknesses
- 14:57Decentralization as regulatory concept
- 19:08Tornado Cash case privacy vs security
- 27:11Decentralization as societal ideal
- 32:27Closing remarks
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