BREAKDOWN: Paraguay's Leaked Crypto Law – A Depressing Dud or Too Early to Tell?

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CoinDesk

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4.7 • 698 Ratings

🗓️ 17 July 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Those expecting another El Salvador are sure to be disappointed. This episode is sponsored by NYDIG. On this edition of the “Weekly Recap,” NLW covers: The latest in Binance’s global regulatory troubles Leaked crypto legislation from Paraguay Capital Group’s big bet on MicroStrategy The U.K.’s Financial Conduct Authority slated to spend £11M on an anti-crypto campaign for young people - NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. - The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: naruedom/iStock/Getty Images Plus, modified by CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:38.2	adventure is just a listener way. Start your free 30-day trial at audible.com slash Wondery, UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.6	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.8	The breakdown is sponsored by Nidig and produced and distributed by CoinDes.
1:12.2	What's going on, guys? It is Saturday, July 17th, and that means it's time for the weekly recap.
1:18.6	I want to use this recap to catch back up on a few stories I've been following over the past few weeks,
1:24.7	and the first is the rising regulatory scrutiny around Binance.
1:29.2	The last few weeks have seen a serious pan-global turn against the company. At least that's what
1:35.8	it feels like to the outside observer. Thailand's SEC issued a criminal complaint against
1:41.1	finance for operating without a license. The Cayman Islands Financial Board
1:45.2	said that Binance wasn't authorized to operate in their territory. The Monetary Authority of
1:50.2	Singapore said that it was following up with Binance because of regulatory scrutiny elsewhere.
1:55.1	Japan's Financial Services Agency warned consumers that Binance was operating without registration.
	...

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