155 - Is MICA Good or Bad?

<p dir="ltr">In this episode, I explore the key elements of the MICA regulation that was approved in the spring of 2023, its problematic elements, and the implications it will have in the FinTech space. </p> <p dir="ltr">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just <a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531">click here to review</a>, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </p> <p><strong> </strong></p> <p dir="ltr"><strong>Today's episode:</strong></p> <p dir="ltr">[00:53] An overview of the key topic of today’s episode. </p> <p dir="ltr">[01:41] The difference between a regulation (like MICA) and a directive. </p> <p dir="ltr">[03:08] Why MICA is such a significant regulation. </p> <p dir="ltr">[04:35] The two broad token categories. </p> <p dir="ltr">[06:43] Elements of the MICA regulation that I believe are problematic. </p> <p dir="ltr">[12:30] What triggered the creation of the MICA regulation. </p> <p dir="ltr">[13:10] Some of the positive aspects of MICA. </p> <p dir="ltr">[14:32] My thoughts on the future of DAOs. </p> <p dir="ltr">[16:01] An overview of the “good” versus the “bad” sides of MICA.  </p> <p><strong> </strong></p> <p dir="ltr"><strong>Show links:</strong></p> <ul> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>Interested in FinTech compliance? - consider investing in the <a href= "https://yana-afanasieva.mykajabi.com/offers/Xhz4DQyy">FinTech Compliance Self-Starter Package</a>!</strong></p> </li> <li dir="ltr" style="font-weight: bold;" aria-level="1"> <p dir="ltr" role="presentation"><strong>I would love to invite you to sign up for my newsletter. If you are interested, please click <a href= "