563: Crypto Updates - ESMA's Call, ECB's Digital Euro, Stablecoins, Beijing's Web3 & NFTs

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2 years ago
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Overnighters,

Episode 563:
Stablecoins-The Glue of Crypto
Beijing's Web3 White Paper
ECB's Digital Euro Findings and More
and More

Collect this Cover: awrd.gg/5051

The TL;DL -

SMA Calls for Transparency-We start the episode with a discussion on the European Securities and Markets Authority's (ESMA) call for transparency from investment firms offering both traditional financial products and cryptocurrencies. We delve into the implications of the upcoming Markets in Crypto Assets regulation (MiCA) and the potential risks associated with unregulated crypto assets.

ECB's Digital Euro Findings-Next, we shift our focus to the European Central Bank's (ECB) findings from their digital euro prototyping exercise. We explore the challenges and opportunities associated with the potential launch of a digital euro.

Stablecoins-The Glue of Crypto-In this segment, we discuss the role of stablecoins in the crypto market, with insights from Takeshi Chino, the general manager of Binance Japan. We explore why Chino refers to stablecoins as the "glue" that connects the real economy with the blockchain.

Gemini & Genesis: SEC Dismissal-We then delve into the ongoing legal battle between cryptocurrency exchange Gemini, bankrupt crypto lender Genesis Global Capital, and the Securities and Exchange Commission (SEC). We discuss the implications of this case for the broader crypto industry.

Beijing's Web3 White Paper-Our attention then turns to China, where Beijing has released a white paper promoting the growth and advancement of the web3 industry. We discuss the potential implications of this development for the global crypto landscape.

Peter Schiff's NFT Surprise-We wrap up the episode with a surprising twist from economist and crypto skeptic Peter Schiff, who has unveiled a collaborative nonfungible token (NFT) art collection on the Bitcoin network. We discuss the reactions from the crypto community and what this development might mean for the future of NFTs.

Crypto Overnighter Podcast (5/27/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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