568:EU Considers DeFi Status::Hong Kong’s USD Stablecoin::AI Satoshi Nakamoto-bot and More

1 year ago
5

Overnighters,

Episode 568:
EU Considers DeFi Status
Hong Kong’s USD Stablecoin
AI Satoshi Nakamoto-bot
and More

Collect the Cover: awrd.gg/5151

The TL;DL

AI Satoshi Nakamoto-bot-Talk2Satoshi: AI chatbot revives Bitcoin creator. Based on ChatGPT, it answers questions on Bitcoin, expresses optimism but uncertainty. Lacks knowledge of recent developments. Aims to showcase AI's educational potential. Emphasizes decentralization, keeps its identity hidden.

EU Considers DeFi Status-A study for European Parliament suggests treating crypto assets as securities by default and granting legal status to DeFi autonomous organizations. The report questions the effectiveness of the Markets in Crypto Assets (MiCA) regulation and highlights the need for additional laws.

Hong Kong's USD Stablecoin-Hong Kong-based First Digital introduces FDUSD, a regulated stablecoin pegged to the USD. Programmable and compliant, it addresses US regulatory concerns amid Hong Kong's new guidelines for virtual asset trading platforms.

EBA Targets Crypto Privacy-The European Banking Authority advises crypto companies on detecting money laundering risks from privacy coins and self-hosted wallets. Binance plans to delist privacy tokens in Europe. Global governments oppose privacy-focused cryptocurrencies due to AML concerns.

Warren’s Fentanyl Misfire-Sen. Warren raises concerns on crypto's role in Chinese fentanyl trade. Plans to reintroduce bill addressing regulatory gaps. Aims to cut off crypto funding for fentanyl trade amid rising overdose deaths in the US.

Georgia’s AML Crackdown-Georgia strengthens efforts against money laundering and sanctions compliance with mandatory supervision of crypto firms. Restrictions on foreign bank accounts implemented. Crypto legislation aligns with EU directives, positioning Georgia as a global hub.

Crypto Overnighter Podcast (6/1/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

Email: nick@cryptoovernighter.com
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Twitter: https://twitter.com/CryptoCorvus1
Patreon: https://www.patreon.com/user?u=67416221

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