ChainReg13: The Crypto Competition Conundrum
Policymakers from Japan to the UK to the EU -- but NOT the US -- are publicly fretting over how crypto/stablecoins compete with bank deposits
Welcome to ChainReg Episode 13, a podcast focused on data-driven policy intelligence regarding digital currency issues. From crypto to blockchain, from stablecoins to CBDC, our patented process provides perspective on where policymakers are active so you can make more strategic decisions based on cold, hard facts.
This week, we see how Japan, the UK, the EU, and even the BIS are exploring the issues that crypto and stablecoins raise when they compete with bank deposits. In the United States, where we just had a crash course in how crypto and bank deposit accounts are connected, policymakers were silent on the issue despite two marathon days of Congressional testimony first in the Senate then in the House.
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