Show notes
With the rise of crypto, and particularly in the case of stablecoins, Thomas Hogan argues that “Electronic stablecoins are the modern analog to paper banknotes.”Stablecoins are just one type of cryptocurrency, and the regulations behind stablecoins is one of the most controversial topics in the crypto world.Regulators & the Biden administration have their eye on them, warning that stablecoins threaten financial stability.Although regulators' stated reason is to protect consumers and stabilize the banking system, and many of them may even truly believe that their means are justified, history has shown that the result of these types of regulations for banknotes have achieved the ends of destroying competition and creating a monetary monopoly.But what if the current debate over stablecoin regulations is missing a vital piece of information?What if a little-known loophole, that’s been around for decades, changes the game?In this video, we are going to tell that story.full podcast discussion: https://youtu.be/g46_lnBbGPAarticle: https://www.coindesk.com/consensus-magazine/2023/01/23/can-banks-issue-stablecoins/Listen and subscribe 👇Apple: https://aier.site/LiberyCuriousPodcastSpotify: https://aier.site/LibertyCuriousSpotifyAudible: https://aier.site/LibertyCuriousAudiblePlayer FM: https://aier.site/LibertyCuriousPlayerfmYouTube: https://aier.site/LibertyCuriousPlaylistMore about AIER: https://aierdotorg.taplink.ws/0:00 - Introduction: Stablecoin regulations0:55 - Effect of SBF and FTX crash2:37 - the loophole4:33 - Stablecoins & Banknotes7:06 - why are stablecoins/bitcoin valuable?9:22 - CBDC: Cutting off the competition?12:58 - currency wars17:17 - the low hanging fruit18:57 - the pre-fed system19:24 - competition vs monopolies22:30 - the march of regulation27:08 - why don't banks issue stablecoins?30:24 - acknowledging the issue32:20 - no need for excess regulation32:59 - last thoughts