Possible risks to Maidsafecoin, Safecoin and other cryptos from the regulators

Safe Network development has little to do with the USA, but the MaidSafeCoin funding vehicle is over-exposed to US regulators. As @upstate pointed out US exchanges are moving to a “We’ll do the SEC’s job for them” self-regulating point system which raises the odds of MaidSafe coming under scrutiny, increasing the risk of MaidSafe/Coin assets being frozen until SEC fines are paid for selling to US citizens just as some non-US projects have already had to do. The arm of US regulators is long. Further risks to MaidSafe are Tether phasing out it’s OMNI in exchange for Ethereum ERC20 tokens (much to the relief of many exchanges that maintaining OMNI support just for Tether). That will leave MaidSafeCoin as the only major token on that already very quiet projects book - not a very sustainable situation now with an unknown time limit.

Realistically how long might it be until we can safely exchange MaidSafeCoin for Safecoin… I am guesstimating at least a year or two out. Is that fast enough to stay ahead of the above risks catching up with the legacy funding token MaidSafeCoin - hard to say.

This project is developing really really well in great strides, it would be a great shame to see it blindsided during it’s final lap. As I remember MaidSafe partly chose Mastercoin now Omni for it’s promise of decentralised trading. Ethereum ERC20 has delivered on that promise, we can now stake ERC20 tokens right from our hardware wallets to trade or loan safely in multiple fully and partly decentralised marketplaces. An open ended MaidSafeCoin->ERC20 token swap would help de-risk and hedge against MaidSafeCoin Omni token risks plus bring invaluable extra benefits. The innovation going on in the Ethereum space is sometimes very impressive. The Safe Network future roadmap naturally overlaps with the interests of these talented developers and a MaidSafeCoin ERC20 token would serve as a bridge between these naturally aligned communities. Also the transition from MaidSafeCoin to SafeCoin will have to be a long running one, not a one off event. ERC20 MaidSafeCoin may even transition to a medium term method for cross chain swaps which will not be available to native SafeCoin.

(Although this reply is in What’s up Today, moderators might be better served moving this post to a more relevant new or existing thread)

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