Now, I think this speaks to the fact that the CBDC debate is set to really heat up this year.

You can feel everyone getting geared up for it, and I think it's important.

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.

Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts

remaking our world. The breakdown is sponsored by nexo.io, Circle, and Cracken, and produced and

distributed by CoinDesk. What's going on, guys? It is Wednesday, November 30th, the end of just about the weirdest month of my life.

And today, we're talking a global regulatory roundup. Before we get into that, if you are enjoying

the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

deeper into the conversation, come join us on the breakers discord. You can find a link in the show notes

or go to bit.ly slash breakdown pod. So as I mentioned today, we're going to look at global

crypto regulatory reactions. Now, you may be thinking, wait a second, but isn't there a big

Jerome Powell presser and isn't Sam showing up to a New York Times summit, albeit virtually?

And the answer is yes, but those things are happening after the time of recording,

so we'll have to dig into them tomorrow.

In the meantime, however, there are reverberations from the FTX collapse,

basically all around the world,

with every government taking a new and frankly different look at how to regulate

and how fast to regulate. Case in point comes from Brazil. Last night, Aaron Stanley, the founder of

the Brazil Crypto Report, posted on LinkedIn, big news out of Brazil tonight as Congress has approved

legislation that would create a comprehensive regulatory framework for cryptocurrency exchanges

and businesses

...