BREAKDOWN: Post-FTX, India and Europe Push Ahead With CBDCs

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4.8 • 689 Ratings

🗓️ 30 November 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the exchange’s collapse, central bankers are focusing on their own forms of digital money.

This episode is sponsored by Nexo.io, Circle and Kraken.

In today’s global regulatory roundup, NLW looks at news from:

Europe: EU holds a hearing on the FTX collapse and France tests a CBDC
India: RBI announces Indian CBDC trials to begin Thursday
US: Sen. Ron Wyden sends letters to 6 exchange heads

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: anand purohit/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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Transcript

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0:49.5	Now, I think this speaks to the fact that the CBDC debate is set to really heat up this year.
0:55.0	You can feel everyone getting geared up for it, and I think it's important.
0:58.7	It's been a few years in the making, but it feels finally like it's the conversation that's actually going to be had.
1:05.2	Welcome back to The Breakdown with me, NLW.
1:09.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts
1:13.4	remaking our world. The breakdown is sponsored by nexor.io, Circle, and Cracken, and produced and
1:19.7	distributed by CoinDesk. What's going on, guys? It is Wednesday, November 30th, the end of just
1:27.4	about the weirdest month of my life.
1:29.8	And today, we're talking a global regulatory roundup.
1:33.6	Before we get into that, if you are enjoying the breakdown, please go subscribe to it,
1:37.1	give it a rating, give it a review, or if you want to dive deeper into the conversation,
1:40.5	come join us on the breakers discord. You can find a link in the show notes or go to bit.ly slash
	...

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