BREAKDOWN: The European Union vs. Self-Hosted Crypto Wallets
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 March 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
A vote in the EU parliament presents a new challenge for crypto on the continent.
This episode is sponsored by Nexo.io, Arculus and FTX US.
The EU Parliament today voted to advance new anti-money laundering (AML) rules that would require European crypto asset service providers to collect and verify information about the beneficial owners of all self-hosted (or “unhosted,” to use their terms) wallet owners. The crypto industry sees this as a fundamental threat to decentralized finance (DeFi) and many other parts of the industry. NLW explains sentiment on both sides and what happens from here.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill 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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: SEAN GLADWELL/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:59.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:04.7 | The breakdown is sponsored by nexo.io, Arculus, and FTX, and produced and distributed by CoinDesk. |
| 1:12.4 | What's going on, guys? It is Thursday, March 31st, and today we are talking about self-hosted |
| 1:18.5 | wallets and why they're coming under fire in the European Union. First, however, if you are |
| 1:24.6 | enjoying the breakdown, please go subscribe, give it five stars |
| 1:28.1 | where you can rate it, leave a review, or if you want to dig deeper into the conversation |
| 1:32.8 | around crypto, macro, regulations, really anything that matters in this world of big picture |
| 1:39.5 | power shifts, come join us on the Breakers Discord. You can find a link in the show notes or go to bit. |
| 1:44.6 | That's bit.ly. That's bit.ly slash breakdown pod. Also a disclosure, as always, in addition to them |
| 1:50.9 | being a sponsor of the show, I also work with FTX. So we are here again, back just a couple of |
| 1:57.8 | weeks after our last EU crypto show, and I'm going to try to unpack what's going on as dispassionately as possible. |
... |
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