660:BRICS' Challenge to Dollar Dominance and EU's Digital Euro Gamble

Episode 660:
BRICS: India to Bharat - BRICS aims to disrupt the financial status quo, challenging the dollar's stronghold in oil trade. With India's name change to Bharat on the horizon, the alliance is staking its claim in reshaping global economic power. Metrics show it now surpasses the G7.

CBDC Alert (EU) - The EU is forging ahead with a digital euro, a move rife with both promise and complexity. The European Central Bank's support indicates a willingness to risk institutional challenges to counter private financial giants like PayPal.

Stake's $40M Exploit - Stake's recent $40 million exploit raises questions about its security and transparency. The platform's unclear explanations post-attack have led to heightened skepticism among crypto users, questioning the platform's trustworthiness.

The Law's Crypto Payday - Law firms are capitalizing on the regulatory chaos in the crypto world, amassing significant fees. The absence of clear regulations has turned the legal landscape into a profitable venture, often at the expense of investors.

Singapore’s Crypto Skepticism - Singapore's new president, Tharman Shanmugaratnam, brings a cautious outlook on crypto. While not outright dismissive, his presidency could usher in tighter regulations, reflecting his skepticism towards decentralized finance.

Japan Targets Crypto Taxes - Japan is eyeing changes to its crypto tax code, aiming to foster Web3 and blockchain innovation. The proposal to exempt "unrealized gains" could set Japan on a course to become a global hub for digital assets and technology.

Crypto Overnighter Podcast (9/5/2023): 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.

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