BREAKDOWN: The Real Story of the UK Binance Ban

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4.7 • 698 Ratings

🗓️ 28 June 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

What recent intrigue around Binance tells us about the state of global regulation. This episode is sponsored by Nexo.io and Circle. Today on the Brief Indian investment in crypto soars The first Mexican bank to accept bitcoin? Tether FUD from the FED? In our main discussion, NLW looks at recent regulatory action from the U.K., Canada and Japan. He argues that we’re entering a new phase of global regulation, where we’re likely to see a particular focus on leverage and derivatives. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io. - Circle Yield, now in early access, enables qualified businesses to generate returns up to 6% with 1 to 12 month terms by deploying capital into USDC on a Circle Account. Sign up for the fully secured, institutional yield product at circle.com/nlw. - Image credit: Pavlo Gonchar/SOPA Images/LightRocket/Getty Images, 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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0:43.9	Wondery UK. That's audible.com slash Wondery UK.
0:49.6	I think that we're hitting an inflection point where governments are recognizing the simple
0:53.7	fact that crypto is here to stay. Despite all the economists and journalists who have cried bubble for so
0:58.7	many years, it simply isn't going away on its own. Because of that, governments are now
1:03.8	drawing their lines about what they will and what they won't tolerate.
1:09.1	Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro,
1:15.4	Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored by
1:21.2	nexo.io and circle and produced and distributed by CoinDess. What's going on, guys? It is Monday, June 29th, and today we are talking about the UK
1:32.5	finance ban. First up, however, let's do the brief. First on the brief today, Indian investments
1:38.5	in crypto are absolutely popping off. Chain Alice has released a report saying that Indians have
1:44.1	invested $40 billion in
1:45.8	crypto markets this year. That's up from 200 million last year. Daily trading values are up
1:51.6	about 900% in the last 12 months. The headline Bloomberg went with was even gold-obsessed
	...

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