Thoughts on the upcoming MiCA regulation and its potential impact on crypto-related commodity derivatives
With MiCA just around the corner, I'm curious about how people are approaching the potential ripple effects on various crypto-related commodity derivatives, particularly concerning the increased scrutiny on market integrity and participant identification. It feels like a significant shift in how these products might be viewed and traded, especially for those operating across multiple jurisdictions.
It's certainly going to make things 'interesting' for anyone who enjoyed the Wild West days of opaque trading. I imagine the 'participant identification' part will be less about knowing your neighbour and more about knowing exactly who owns what, which, frankly, takes some of the fun out of plausible deniability.