The recent Bank of England report has made it extremely clear that central bankers around the world are likely considering heavy regulation of stablecoins in parallel with the possible introduction of Central Bank Digital Currencies (CBDCs). The depth and types of regulations proposed would have a significant impact on DeFi projects in Cardano and other blockchain ecosystems. However, some predictive thinking by Cardano has probably positioned it to weather the storm much better than some of its near competitors.
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Timestamps►►
0:00 Intro
0:41 Two types of money
1:50 New Digital Money
3:45 Two Criteria for Stablecoins
4:34 CCTV Footage of a Legacy Bank & Central Bank
11:06 Stablecoins–A Systemic Risk
11:55 A 20% Migration
14:50 They WILL Regulate
18:11 Specific Regulation Categories
18:25 Payment Regulation & KYC
20:00 Regulation of Stablecoins as Money
22:35 What DeFi Project Could Meet This
23:08 DeFi Become Banks?
23:35 or Banks Take over DeFi?
24:00 The Cardano Edge
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Companion Reddit thread ►►
https://www.reddit.com/r/cardano/comments/o3yvjk/cardano_rumor_rundown_june_20_2021/
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Complete list of previously covered items ►►
https://armyofspies.net/cardano-rumor-rundown/
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WEBSITE ►► https://armyofspies.net
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#Cardano #ADA #cryptocurrency
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