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50 sats \ 4 replies \ @prashanthc OP 23 Feb \ parent \ on: Lightning to bank in 1 minute - Why and what does it mean to the community? lightning
Minimum id 25 Euros right now and up to 15k Euros ( we support on chain transfer too).
We can lower the limits up to 10 Euros.
That's pretty cool. Curious to see how this develops and how things will evolve with the implementation of the MICA regulations... part of the proposed rules includes that each of the wallets a bank interacts with needs to be KYC'd in some way, no?
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This is still not certain. There is a lot more to MICA that is yet to be confirmed. However, we are currently using other services (VASP in Estonia). VASP in Estonia has recently been revamped, is MICA-like, and is almost on par with what MICA expects from a license.
Moving ahead, we would get MICA-compliant licence ourselves.
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Thanks for clarifying.
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