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Similarly, regulation in crypto can encourage greater transparency by utilizing blockchain’s distributed ledger technology. We’ve seen legislation such as MiCA attempt to implement verification measures to bring Web3 in line with existing financial institutions. For example, it limits non-KYC’ed wallet addresses to 1,000 euros (~$1,057) per transaction — while KYCd addresses can transact freely. This could be considered a positive step in the right direction. Larger participants hold a greater share of the market, so, they should be held more accountable for their on-chain behavior.
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