THE HASH: Florida Gov. DeSantis Proposes Ban on CBDCs; Tax Man Cometh for NFTs

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News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 21 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, March 21, 2023. "The Hash" tackles today's hot topics: Treasury Secretary Janet Yellen says the U.S. will intervene to protect smaller banks if necessary. Florida Gov. Ron DeSantis is proposing a law to ban CBDCs from his state. India's central bank wants privacy protections in place for retail CBDC users. Plus, the IRS wants to tax non-fungible tokens (NFT) just like other collectibles. See also: IRS Seeks to Tax NFTs Like Other Collectibles Florida Gov. Ron DeSantis Proposes Law to Ban CBDCs - The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus 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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0:00.0	This is the hash podcast.
0:10.2	Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:15.4	All on the hash for your ears.
0:18.9	You're listening to the Coin Desk Podcast Network.
0:23.7	Hey there, welcome to Coin Desk TV.
0:26.3	You are watching The Hash.
0:28.2	I'm Zach Seward.
0:29.2	That's Wendy O.
0:30.4	There's Will.
0:31.4	We're going to get you up to speed on all that's going on in the world of crypto,
0:35.0	finance, and more, including some comments from the Treasury Secretary.
0:40.2	Is that right? Did Janet Yellen say something, Will? What's going on?
0:43.2	That's right. We got a nice Bloomberg scoop to start off the day. Talk about how the FDIC is actually
0:47.9	looking to move beyond the $250,000 insured level for all deposits at most banks. They're looking to basically enact some pretty
0:56.2	extreme measures in the wake of both SVB and signature bank being taken over by FDIC and also
1:03.2	Silvergate voluntarily winding down operations. There's a lot of contagion in the banking sector,
1:09.1	and they want to stem any more of that from occurring.
1:11.4	So we're looking to ease the fears of depositors
1:13.6	by increasing the insurance levels
1:15.9	to what seemingly are extreme amounts.
1:20.2	I don't know.
1:20.7	Wendy, your take on it.
	...

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