World wide, regulators are coming after the crypto business. China has outlawed cryptocurrency mining and declared all cryptocurrency transactions unlawful. The European Union is making a licensing framework for crypto issuers and repair suppliers. And within the U.S., SEC chair Gary Gensler needs powers to supervise a sector that he calls the “Wild West.” All this regulatory alarm comes as digital property explode in recognition. Bitcoin has gone mainstream. The arrival of the Bitcoin ETF in America is a milestone. The newly elected mayor of New York, Eric Adams, mentioned he would take his first three paychecks in Bitcoin when he takes over Metropolis Corridor in January. A showdown is looming. How will it play out? And what are the implications for digital finance extra broadly?
Erik Schatzker, Editor-at-Giant, Bloomberg TV discusses with Changpeng “CZ” Zhao, Founder & CEO of Binance.
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