Building a firewall that separates crypto from the traditional financial system may be the best approach to keep the digital asset industry alive in the European Union, Luzius Meisser, chairman of crypto firm Bitcoin Suisse, told CoinDesk TV’s “All About Bitcoin” on Monday.
“Their intention is to protect, to shield, the traditional financial system from the toxicity of the crypto economy,” Meisser said. “But maybe, it also helps protect cryptocurrencies from the traditional financial systems with all its faults and mistakes.”on banks looking to hold crypto by requiring firms to hold a euro of their own capital for every euro held in crypto.
“It means for every bitcoin you hold for a client, you need to have one bitcoin on top of that in equity,” Meisser said. “It basically prohibits banking with bitcoin,” he later added. As part of the Committee's rules, it would also mean that crypto would not be recognized as collateral, Meisser said, making it more difficult for a bank to issue a client a loan in the future for example. Doing so would only give banks the runway to store crypto for their clients, he said.
BitcoinSuisseAG Luzius I don't understand the EU plans at all.
BitcoinSuisseAG Luzius They will control how much you can spend in a day “ carbon foot print”
BitcoinSuisseAG Luzius They just finalized Mika regulations. They won’t ban crypto
BitcoinSuisseAG Luzius Yes all Alts will be deemed securities and BTC is owned by the same elites that control the CBDCS .. Low IQ biased crypto sheeple !!!
BitcoinSuisseAG Luzius Shouldn't think it's panicking too much about 'containing' something that does this over a twelve month period 😂🤣
BitcoinSuisseAG Luzius They won't be able to ban it or at least not long term - especially if it catches on Any country that does so will be at a huge disadvantage to those that embrace it and would be playing catch up
BitcoinSuisseAG Luzius Banning or “containing” individual choice and access to markets is definitely not the purpose of the EU nor its mandate
BitcoinSuisseAG _franvela These old folks hate change lol. They need to retire quickly and let the young ones take over.
BitcoinSuisseAG _franvela
BitcoinSuisseAG _franvela This is hilarious. You’ve described an incredible innovation negatively and then decided you also want to copy it.
BitcoinSuisseAG _franvela 😉😉
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