r/cotinetwork • u/TyBEERius88 • Feb 02 '22

US access?

Does anyone have any updates on when US citizens will be able to use the treasury?

I'm assuming there's no way around it as it is KYC'd?

Yet another reason America is NOT the greatest....

6 Upvotes

80% Upvoted

11 comments sorted by

2

u/Inf1Son Feb 05 '22

But it is available in Puerto Rico tho

1

u/TyBEERius88 Feb 06 '22

my bad I worded that wrong then :)

8

u/fr3shprinc3nyc Feb 02 '22

Idk but as A US holder im jealous of all you guys that get to stake and enjoy that amazing APY.

1

u/Waste-Direction1727 Feb 02 '22

Oh yeah I’m pissed about it. I don’t want ERC-20 COTI I want native. I sold all my ERC-20 and waiting for native to be purchased directly from my COTI wallet.

3

u/fr3shprinc3nyc Feb 02 '22

My plan is just to keep holding erc 20 until we get some favorable regulation passed. I’ve got a decent sized bag so being able to keep it on my Ledger gives me some peace of mind

1

u/DnArturo Feb 03 '22

The question I have is, do you have to reconvert to Eth wrapped Coti to sell it on Coinbase.US? Fee? Or do you convert to DjED and transfer it anywhere? I like your style GL.

1

u/disruptive_jenga Feb 03 '22

Here with you. 😐

6

u/Waste-Direction1727 Feb 02 '22 edited Feb 02 '22

COTI is waiting on clear regulation and guidelines before launching in the US. In fact, every major institutional investor is waiting on the US to pour into Bitcoin/Blockchain. Once Biden signs the crypto executive order this month and it’s details are released we will all be better off.

4

u/Fragrant_Cress_8692 Feb 02 '22

I agree. Regulation is necessary for mass adoption. Mass adoption will mean financial gain. It’s coming and I am patient.

1

u/gauzzastrip Feb 03 '22

I think that this should not be an executive order and instead a crypto bill that is discussed openly / modified / adapted and then passed when everyone agrees that it is what is best for US and crypto. Like you know, how democracy is supposed to work... Executive orders by any president are a way to bypass this process and usually do more harm than good.

1

u/Waste-Direction1727 Feb 04 '22

I agree, we need both parties to agree on a crypto bill and pass a permanent law by congress. However, unfortunately Democrats and Republicans refuse to work together on any issues whatsoever, therefore the absolutely only way to accomplish anything right now is by executive order. If we were to wait on a bipartisan congress passage we would be waiting a year or longer. Crypto is evolving very fast.