Valerii Brizhatiuk @brizhatiuk Twitter profile

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Valerii Brizhatiuk

@brizhatiuk

3 months

Already more than 20 teams applied for the @swisstronik grants ✨ Lovely to see how ecosystem is growing! Submit applications here:

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Valerii Brizhatiuk

@brizhatiuk

1 year

My article got featured in @Nasdaq , probably nothing 🤔

Why Zero Knowledge Is the Antidote to Increased Crypto Regulation

www.nasdaq.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Another day, another round of Binance executives stepping out. 🚶‍♂️ Will this be a wake-up call for the crypto industry to prioritize compliance and build trust with regulators? 🏛️

Binance executives exit as crypto exchange faces legal pressure

Binance disputed a report that the departures were linked to the CEO's handling of a federal probe.

finance.yahoo.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Great move by Japan in attracting crypto investors. The relaxation in crypto asset taxation shows the country's forward-thinking approach and could potentially position it as a global leader in the crypto industry. Other nations might need to take cues.

Japan Lures Investors by Relaxing Crypto Assets Taxation for Firms By The News Crypto

Japan Lures Investors by Relaxing Crypto Assets Taxation for Firms

in.investing.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Dubai's regulator fines 3AC founders over OPNX exchange. It's just another reminder that transparency and adherence to regulations are crucial for building trust and protecting investors.

3AC founders fined by Dubai regulator over OPNX exchange

Dubai's regulator said that it will determine further actions against OPNX as the $2.7 million fine remains unpaid.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

The brief explanation of what @swisstronik is can sound like this: we want to create a new decentralized Swift. And then you'll need an hour to explain why it's not really a Swift.

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Valerii Brizhatiuk

@brizhatiuk

1 year

🚀 Honored to be nominated for Forbes 30 Under 30! 🙏 It's been an amazing ride as a serial entrepreneur, and I couldn't have done it without the support of my great team. Looking forward to pushing the boundaries further with our project - @Swisstronik !

30 empreendedores jovens notáveis de blockchain Forbes Portugal

Entre eles, um seleto grupo de indivíduos destaca-se como os 30 maiores empreendedores de blockchain […]

www.forbespt.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

I heard a joke about compliance, but can't share it without getting approval from the compliance department first 🤫

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Valerii Brizhatiuk

@brizhatiuk

1 year

Excited to be featured in this @CoinDesk article discussing the recent SEC lawsuit against @Binance and its implications for the crypto industry. I have expressed my views about the challenges of navigating global regulations.

Binance Lawsuit Could Be ‘Huge Mistake’ or Bring Needed Clarity to U.S. Crypto Industry

The SEC brought 13 charges against Binance, alleging the exchange violated federal securities laws.

www.coindesk.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

/1 In a recent interview with @crowdfundinside , I had the pleasure to discuss our approach at Swisstronik towards regulatory compliance and how we see it as a positive trend for the crypto industry. Read the full article here:

Valerii Brizhatiuk: Co-founder at Swisstronik Says Hong Kong’s Crypto Regulations Exemplify a...

We recently caught up with Valerii Brizhatiuk, Chief Product Officer, Co-Founder at Swisstronik, a layer-1 solution designed to build scalable decentralized applications that ensure users' data...

www.crowdfundinsider.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Excited to see which steps the UK is going to make as CBDCs are likely coming soon and they should be very well protected. Given UK's strong background in lawmaking, one can expect that their decision will become a benchmark for other countries.

Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

The U.K. opened its plans for regulating the crypto sector for public comment back in February.

www.coindesk.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Standard Chartered, Nomura, and Charles Schwab are creating their own digital asset platforms, betting that fund managers will prefer trusted brands over sketchy crypto exchanges. Will this bring much-needed stability to the crypto world?

Wall Street prepares to take on established crypto companies

Traditional finance groups create digital asset infrastructure untainted by year of scandals

www.ft.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Dubai watchdog warns on risks of gaps in global crypto regulations 🇦🇪 A great initiative by Dubai regulator! It goes without saying that #crypto legislation in different counties should match - or at least should have connectivity potential. This will let crossborder

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Valerii Brizhatiuk

@brizhatiuk

1 year

Euro stablecoin is introduced by @SocieteGenerale 🪙 It's really importnat to makr sure that the coins crypto Euro interacts with are safe and secure. It should prevent one from buying anonymous and potentially dangerous assets, trade them and then exchange back to the Euro.

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Valerii Brizhatiuk

@brizhatiuk

1 year

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House The approval of the Financial Services and Markets Bill (FSMB) by UK Parliament’s House of Lords marks a significant stride towards crypto regulation in the country.

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Valerii Brizhatiuk

@brizhatiuk

1 year

One of the most exciting things about working in the blockchain industry is the sense of possibility and potential. We're building a new world, one that is decentralized, secure, and transparent. But to my mind it shouldn't 'disrupt' or 'revolutionize' - quite the contrary, it

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Valerii Brizhatiuk

@brizhatiuk

1 year

Despite ongoing struggles between crypto industry & regulators, BlackRock's Bitcoin ETF application shows the continued resilience & public interest in crypto. We're at the forefront of a potentially seismic shift in the financial landscape.

BlackRock files for bitcoin ETF in push into crypto

BlackRock , the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes...

www.reuters.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Javier Milei's surprising win in Argentina's primary election as a Pro-Bitcoin candidate signals a shift in the country's political landscape.

Pro-Bitcoin Candidate Javier Milei Wins Argentina Primary Election

In a shocking development for the country, pro-Bitcoin candidate Javier Milei has won Argentina's primary Presidential election

watcher.guru

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Valerii Brizhatiuk

@brizhatiuk

1 year

6/ He accused the crypto industry of being rife with fraud, abuse, and non-compliance, and criticized the commingling of funds in the sector.

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Valerii Brizhatiuk

@brizhatiuk

1 year

China has already launched its e-CNY, a central bank digital currency, while Hong Kong has recently updated its legislation and initiated an e-HKD pilot project. The success of these endeavours in the GBA will not only boost the regional economy but will also have significant

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Valerii Brizhatiuk

@brizhatiuk

1 year

UK Treasury tightening the screws on crypto sandboxes! ⛱️ Unbacked tokens and derivatives might be left out. Will this help protect investors or hinder the growth of the industry? 📉📈

UK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox

A proposed sandbox initiative under the U.K. Financial Services and Markets Act could give crypto firms the opportunity to continue operating as parliament considers regulations.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

🚨SEC's Ripple appeal sparks debate over XRP's security status. 💼 Lawyers state its impact may lie in momentum, shedding light on the complex legal landscape for cryptocurrencies.

‘XRP is not a security. Period’ — Crypto lawyers on Ripple’s case amid SEC appeal

Stuart Alderoty, Ripple’s chief legal officer, asked the community to “stay tuned” as the company will file its response next week.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Ripple's latest partnership with the Palau government for the US dollar-backed Palau Stablecoin (PSC) pilot project marks a significant step towards financial innovation and accessibility in the Pacific region.

Ripple Has Partnered With The Island Nation!

Having won an important victory against the SEC in the SEC-XRP lawsuit, Ripple continues to forge new partnerships. At this point, Ripple signed a

en.bitcoinsistemi.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

/2 The rules will categorize crypto as a "restricted mass market investment" and require clear risk warnings in crypto advertisements. Incentives for the general public to invest in cryptocurrencies will be prohibited.

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Valerii Brizhatiuk

@brizhatiuk

1 year

The rapid adoption of cryptocurrencies and Web3 in Hong Kong is a clear indication of significant developments happening in mainland China.

Hong Kong would not go crypto without China’s approval — Animoca exec

Hong Kong’s rapid adoption of crypto and Web3 is a sign of some “big moves” happening in mainland China, Animoca co-founder Yat Siu believes.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

7/ Gensler mentioned that the lack of regulation in the crypto sector leaves retail investors vulnerable when projects fail. He also emphasized that abiding by the rules will help the crypto space grow.

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Valerii Brizhatiuk

@brizhatiuk

1 year

EU Council approves MiCA 🇪🇺 Europe is entering a new era of crypto regulations!

EU finance ministers approve MiCA crypto regulation

The Council of the European Union votes to approve the Markets in Crypto-Assets (MiCA) regulation, bringing new laws closer to reality.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Bank of Korea and Samsung Electronics are considering real-life use cases of CBDC, like smartphone payments. CBDCs can appear in South Korea really soon - looking forward to seeing how they will make it happen.

Samsung and Bank of Korea Strengthen CBDC Partnership

Samsung and Korea’s central bank are partnering to advance research on offline CBDC technology, a move aimed at enhancing payment security

blockworks.co

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Valerii Brizhatiuk

@brizhatiuk

1 year

/1 The introduction of the "Privacy Pools" protocol represents a pivotal moment for the crypto industry. 🧵👇

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Valerii Brizhatiuk

@brizhatiuk

1 year

Option 1 - ATOM, XRP, SOL, etc, are not securities. Option 2 - PoS will exist only in a private or over-regulated setup.

Cryptocito | Cosmos ⚛️

@Cryptocito

1 year

Big win for Altcoins, especially those that were labelled Securities by the SEC. ATOM was one of them but if XRP isn‘t a Security, then ATOM is most definitely not one.

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Valerii Brizhatiuk

@brizhatiuk

1 year

The decision of Ripple's CLO, Stuart Alderoty, to applaud Singapore's Monetary Authority for its clear regulatory framework for digital assets signals both a milestone and a guidepost for other jurisdictions.

Ripple's CLO Hails Singapore's 'Clear Taxonomy' on Crypto Regulation

Stuart Alderoty has commended regulatory clarity that is fostering innovation in Singapore

u.today

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Valerii Brizhatiuk

@brizhatiuk

1 year

The UK Financial Conduct Authority (FCA) will implement new rules banning the use of free non-fungible tokens (NFTs) and cryptocurrency airdrops for promoting investments in digital assets.

Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says

Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA's Matthew Long.

www.coindesk.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Mastercard launches @Mastercard Crypto Credential Really excited to see how this solution will work! Also pretty sure that we will integrate it at @swisstronik as undoubtedly it will comply with all traditional finance standards.

Mastercard Launches Mastercard Crypto Credential Bringing More Trust to the Blockchain Ecosystem

The first use case test of the solution will focus on enabling transfers between U.S. and LAC corridors

www.mastercard.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

The ongoing debate around a BTC ETF reveals the importance of striking a balance between investor protection and fostering innovation. Hence, it's crucial to create an environment that encourages responsible growth while safeguarding market participants.

SEC has pushed investors into ‘toxic’ crypto products and FTX: Winklevoss

Crypto investors in the U.S. have been forced into “toxic” crypto products and offshore exchanges due to the SEC not approving a spot Bitcoin ETF, according to Cameron Winklevoss.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

This legislation could boost the legitimacy and institutional adoption of crypto in the UK, drawing in more participants into the market and catalyzing innovations in the digital finance sector.

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Valerii Brizhatiuk

@brizhatiuk

1 year

Restaking emerges as a pivotal trend reshaping the crypto landscape. Enabling the reuse of staked Ethereum tokens for bolstering security on new networks, it offers developers a cost-effective path to establish projects.

Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security

EigenLayer’s platform for "restaking" is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to...

www.coindesk.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Another government takes a regulation step towards crypto. While some may argue that the proposed #legislation in South Korea comes with relatively harsh penalties, it is important to remember that #regulations are necessary to prevent fraudulent activities and protect the

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Valerii Brizhatiuk

@brizhatiuk

1 year

/3 Our goal? To ensure all trading platforms can elevate their compliance standards, thereby fostering trust and confidence in the industry.

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Valerii Brizhatiuk

@brizhatiuk

1 year

EU becomes the first major jurisdiction, introducing a comprehensive crypto law. New European legislation looks fairly balanced and thoughtful, yet unfortunately some of #blockchain products won’t be able to abide due to their current design. There is a possibility that

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Valerii Brizhatiuk

@brizhatiuk

1 year

China's commitment towards Web3 Innovation comes as a surprise 🇨🇳 I am expecting tons of new projects and startups from the land of the dragon. Steady lads, deploying more smart contracts 🙂

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Valerii Brizhatiuk

@brizhatiuk

1 year

Revolut's decision to suspend its crypto services in the US highlights the regulatory challenges that the industry still faces (uncertainties around crypto regulations have prompted this move). It's a reminder of the need for clear regulatory frameworks!

Revolut to Shutter US Crypto Operations Due to 'Regulatory Environment' - Decrypt

From September 2, Revolut will suspend its cryptocurrency services in the U.S., with complete access disabled from October 3.

decrypt.co

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Valerii Brizhatiuk

@brizhatiuk

1 year

If turned into law, crypto will be recognized as a regulated activity and stablecoins could be acknowledged as a means of payment under existing rules.

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Valerii Brizhatiuk

@brizhatiuk

1 year

SEC Doubles down on Crypto Regulation SEC Chair Gensler's call for crypto regulation sends a clear message: the industry needs to step up compliance efforts.

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Valerii Brizhatiuk

@brizhatiuk

1 year

/3 The FCA aims to protect consumers from buying crypto that may have future problems. Crypto airdrops and NFTs themselves will not be banned, only promotions involving them. The FCA plans to implement the rules regardless of industry pushback.

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Valerii Brizhatiuk

@brizhatiuk

1 year

Big news for crypto adoption! Binance secures an operational crypto license in Dubai, opening doors to the thriving Middle East market. This milestone further validates the growing recognition and acceptance of cryptocurrencies worldwide. 🌍💫

Binance to offer crypto broker-dealer services in Dubai with new license

Binance has reached another milestone in relationships with regulators in the UAE by winning an operational MVP license in Dubai.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Despite China's ban on crypto, the release of China's Web3 white paper and the coverage of Hong Kong's crypto advancements on national TV highlight the message coming from higher authorities. This move towards Web3 is seen as a powerful tool for China to challenge the United

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Valerii Brizhatiuk

@brizhatiuk

1 year

The decision by Belarus to prohibit P2P crypto transactions highlights the ongoing debate around regulating digital currencies. Striking the right balance between security and accessibility is vital to ensure the growth and acceptance of cryptocurrencies.

Belarus wants to ban P2P cryptocurrency transactions

The Ministry of Foreign Affairs of the Republic of Belarus is working on legal amendments prohibiting P2P crypto transactions for individuals.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

Nasdaq halts launch of cryptocurrency custody service. It underscores the challenges and uncertainties that still exist in the regulatory landscape.

Nasdaq halts launch of cryptocurrency custody service

Global securities marketplace Nasdaq is halting its cryptocurrency custody service that it had previously planned to launch by the end of the second quarter of 2023.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

The MiCA itself focuses on crypto-asset providers and the obligations they will have to declare. Most importantly, it unifies the approach of all 27 member states.

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Valerii Brizhatiuk

@brizhatiuk

1 year

The move by the UK Law Commission to establish crypto regulations brings to light the significance of legislation in mainstreaming digital assets. This could indeed solidify UK's position as a leading hub for the crypto industry.

Crypto Regulations Vital for UK’s Global Leadership Status | The Crypto Times

Enhancing market participants' legal tools for securing crypto-tokens and tokenized securities, as recommended by the commission.

www.cryptotimes.io

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Valerii Brizhatiuk

@brizhatiuk

1 year

PayPal launching PYUSD stablecoin on Ethereum turned out to have both pros and cons. It could boost Ethereum adoption, but there are concerns about centralization and control. Critics see it as a flawed central bank digital currency.

PayPal USD: Boon for Ethereum but not decentralization, says community

With PayPal announcing the launch of its new USD-pegged stablecoin, PYUSD, industry pundits see it as a good sign for Ethereum, but a bad sign for centralization.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

A comprehensive set of new crypto rules is due to be voted on this week. You've probably heard of MiCA, Markets in Crypto Assets, which is part of a broader EU-wide package to update the bloc's approach in several areas of digital finance.

MiCA: What Europe’s New Crypto Rules Mean for the Industry - Decrypt

The European Union will soon usher in a suite of new crypto rules called MiCA. But what are they and what does it mean for the industry?

decrypt.co

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Valerii Brizhatiuk

@brizhatiuk

1 year

/2 We are developing a set of tools to process the verification and adaptation of users, funds, or assets within the framework of constantly changing regulations.

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Valerii Brizhatiuk

@brizhatiuk

1 year

If MEPs approve the changes, countries will have up to 18 months to implement them and we will soon see the world of clearer #crypto regulations.

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Valerii Brizhatiuk

@brizhatiuk

1 year

📋 South Korea raises the transparency game! The government introduces mandatory crypto disclosure for all firms. Will this bring more clarity or create additional challenges?

South Korea to ask firms to disclose crypto holdings starting 2024

South Korea’s Financial Services Commission announced a new bill aiming to require all firms that issue or hold cryptocurrency to disclose their holdings.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

It's great that crypto regulations are being discussed globally, I hope that it means that they will be as unified as possible. In this case they will be easier to follow, which will give more opportunities to everybody.

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Valerii Brizhatiuk

@brizhatiuk

1 year

Both DEXes and CEXes need clear and unequivocal regulations. Crypto space has undergone many changes since @binance appeared, especially in terms of the legal framework. It is hard to say if the charges against Binance are fair or it's a witch-hunt. 👇🏻

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Valerii Brizhatiuk

@brizhatiuk

1 year

Crypto industry representatives from India present valuable suggestions for the G20 crypto roadmap by emphasizing the necessity of dealing with risks of digital assets for developing economies 💪

India makes suggestions for G20 crypto roadmap

India urges its counterparts to stretch the future regulatory approach to the digital economy beyond the scope of the G20.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

This outcome could lead to increased discussions and potential reforms regarding cryptocurrency adoption and regulation in Argentina's future.

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Valerii Brizhatiuk

@brizhatiuk

1 year

However, Nasdaq remains committed to digital asset business development and will continue to focus on technology solutions for the global digital assets marketplace.

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Valerii Brizhatiuk

@brizhatiuk

1 year

The only thing that's clear is that every #blockchain project needs to be compliant and there should also be a clear legal framework, so that conscientious companies could abide by unambiguous rules and be sure they won't be prosecuted.

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Valerii Brizhatiuk

@brizhatiuk

1 year

3/ Summary of the article : Gensler believes that most crypto tokens should be considered investment contracts and subject to U.S. securities laws.

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Valerii Brizhatiuk

@brizhatiuk

11 months

1/3 To achieve widespread adoption, crypto must embrace a model that prioritizes user-friendliness, cost-effectiveness, and seamless integration with existing behaviors.

Pay-to-use blockchains will never achieve mass adoption

Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

11 months

The Indian government's decision to work on a five-point crypto legislative framework based on recommendations from the IMF and FSB is a significant development for the crypto industry.

India working on 5-point crypto legislation as ban is ruled out

India currently doesn’t have any specific crypto regulations in place, the country imposed a 30% tax on crypto gains in 2022.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

2/ While it may create challenges, increased oversight can boost investor confidence and pave the way for sustainable growth in the crypto ecosystem.

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Valerii Brizhatiuk

@brizhatiuk

1 year

4/ He stated that issuers of crypto-tokens need to register with the SEC to provide basic protections to investors and the market.

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Valerii Brizhatiuk

@brizhatiuk

11 months

/3 By potentially granting crypto exchanges a status similar to banks and focusing on global collaboration, India aims to create a more secure and structured environment for crypto, fostering growth and reducing the risks associated with scams and illicit activities.

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Valerii Brizhatiuk

@brizhatiuk

1 year

/2 While the report doesn't establish new policies, it underscores the importance of a coordinated approach to address risks in the crypto space. To me, this development signals a step towards greater regulatory clarity and investor protection in the crypto industry.

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Valerii Brizhatiuk

@brizhatiuk

1 year

@swisstronik @VitalikButerin /6 The same applies to banks and regulators: they will not accept some people’s testimonial that "Alice" is a citizen of a certain country even if these people are their clients.

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Valerii Brizhatiuk

@brizhatiuk

1 year

Although transactions on #blockchain may be very profitable and attractive, lack of regulation and consequently assets instability lead to rather sad consequences for very promising projects and institutions. /

Crypto Bank Silvergate to Shut Down, Repay Deposits

The crypto-market rout sparked a run that forced it to sell assets at a steep loss to cover withdrawals.

www.wsj.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

5/ Gensler specifically highlighted staking-as-a-service as a security, criticizing companies like @binance inance for not registering the sale of this service.

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Valerii Brizhatiuk

@brizhatiuk

11 months

The arrest of crypto influencer Joseph Lam in connection with the JPEX exchange is a stark reminder of the growing regulatory scrutiny in the crypto industry. It emphasizes the urgency for increased transparency and accountability within the sector.

Crypto influencer arrested in Hong Kong for JPEX association

JPEX blamed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

The emphasis on regulating stablecoins and DeFi highlights concerns about their potential impact on financial stability.

IMF, FSB release joint policy recommendations for crypto assets at request of G20

The IMF and the FSB laid out potential policy responses to risks associated with financial stability implications and regulatory issues associated with crypto.

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

11 months

/2 This approach, which emphasizes regulation rather than a blanket ban, signals a growing global trend towards recognizing the importance of regulating cryptocurrencies.

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Valerii Brizhatiuk

@brizhatiuk

1 year

Just read a very insightful article by @VitalikButerin What I personally take out of it is that #blockchain will become a safer and securer space only when dApps #ui becomes more transparent 🧵👇

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Valerii Brizhatiuk

@brizhatiuk

6 months

Risks that come with privacy-preserving but non-compliant (e.g., with Travel Rule) chains are too high in the view of governmental entities. It looks like gradually most of them will be removed from public markets - the trend is set.

Monero hits 5-month low as Binance plans delisting

Monero (XMR) faces a significant drop, hitting 5-month lows as Binance announces plans to delist the privacy-focused cryptocurrency along with others. This move reflects broader implications for the...

cointelegraph.com

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Valerii Brizhatiuk

@brizhatiuk

1 year

@swisstronik @VitalikButerin /5 The paper proposes “associations” of honest users where everyone confirms each other's identity as a proof instead. While it sounds tempting, it also made me think of the ‘social recovery’ concept, which hasn’t been widely adopted yet.

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Valerii Brizhatiuk

@brizhatiuk

1 year

3/ Furthermore, I believe that in terms of #privacy , there is a need of a #decentralised solution that will be able to work automatically and won't require any complicated actions from users to make their transactions private.

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Valerii Brizhatiuk

@brizhatiuk

1 year

4/ In order to make the process secure and compliant, it is also important to ensure a non-custodial and decentralised user verification: using SMS or email would have been the most used-friendly way, yet in this case it can't be 100% decentralised at this point.

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Valerii Brizhatiuk

@brizhatiuk

1 year

@swisstronik Gmgm all good

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Valerii Brizhatiuk

@brizhatiuk

1 year

Thats' exactly why Silvergate shut down: collapse of FTX was detrimental for the bank. I am convinced that in the years to come problems like this will be solved.

0

5

Valerii Brizhatiuk

@brizhatiuk

11 months

2/3 Crypto's future success hinges on aligning with user expectations and simplifying the user experience, paving the way for its integration into everyday life and consumer technology.

1

0

7

Valerii Brizhatiuk

@brizhatiuk

5 months

Visited Leap 2024 in Riyadh with @ConstantinGuggi . A lot of connections & fruitful insights 👀 #LEAP2024 #Riyadh

0

6

Valerii Brizhatiuk

@brizhatiuk

1 year

@CoinMarketCap KYC is vital if we want Web3 to be adopted worldwide. However, an issue is to have it decentralized & still compliant.

2

0

5

Valerii Brizhatiuk

@brizhatiuk

11 months

3/3 This paradigm shift is pivotal for crypto to transcend its niche status and revolutionize various industries.

0

5

Valerii Brizhatiuk

@brizhatiuk

4 months

One of the first explicit proofs that staying compliant in web3 will be the only way to keep funds safe

0

5

Valerii Brizhatiuk

@brizhatiuk

1 year

2/ Given that even Vitalik himself accidentally made a mistake while using @TornadoCash and publicly linked accounts he never meant to link, would be hard to expect mass adoption and further penetration of the service out of the #web3 community.

1

0

4

Valerii Brizhatiuk

@brizhatiuk

6 months

@entrypointzone Regulators are the only entry point of Web3 services to TradFin potential. The only important point here is to achieve compliance in a decentralized way - using multiple independent focal proof of truth points.

0

3

Valerii Brizhatiuk

@brizhatiuk

11 months

@swisstronik @LearnWeb3DAO 👏

1

0

3

Valerii Brizhatiuk

@brizhatiuk

1 year

@Cryptocito Gm!

0

1

Valerii Brizhatiuk

@brizhatiuk

1 year

@swisstronik GM

0

1

Valerii Brizhatiuk

@brizhatiuk

1 year

@buchmanster We at @swisstronik are pretty serious

0

1

Valerii Brizhatiuk

@brizhatiuk

7 months

I’ve visited KSA one week ago, and here’s a short recap: - New ventures are developing rapidly and thoughtfully - Crypto to be adopted in 2024-2025 - Riyadh is a beautiful and lively city 🩷 Swisstronik goal? We will do our best to be one of the first crypto companies to operate

0

1