Ledger LandISSUE #89 of 90

regulation · sec · mica · privacy lines

BlockyVSDouble-Spend Dan

Blocky saysCrypto regulation is evolving — securities law, MiCA, and the privacy-vs-compliance line.

Rules are still forming and vary by country. In the US, whether a token is a security (the Howey test, SEC actions) drives much uncertainty. Europe's MiCA provides a comprehensive framework. Everywhere, the tension is real: privacy and self-custody vs. AML/KYC and consumer protection. As a builder, treat compliance as a design input, not an afterthought — it shapes what you can ship and where.

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Rules vary by country and are evolving
US: is the token a security? (Howey/SEC)
EU: MiCA comprehensive framework
Tension: privacy/self-custody vs AML/KYC

Double-Spend Dan attacks — common mistakes

Assuming "decentralized" means exempt from law
Ignoring jurisdiction differences
Treating compliance as an afterthought

Boss battleName the core question US regulators ask about a new token.

Example code

<!doctype html><html><head><meta charset="utf-8"></head>
<body style="background:#06040d;color:#e6e0ff;font-family:monospace;padding:20px"><pre>US:  is it a security? (Howey test)
EU:  MiCA framework
everywhere: privacy/self-custody vs AML/KYC</pre></body></html>

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