Central Banks Embrace Digital Currencies, Regulators Tackle Crypto

In this episode, we explore the latest developments in central bank digital currencies (CBDCs) and cryptocurrency regulations. The Italian Central Bank Governor addresses crypto regulation at the ABA meeting, while the CFTC urges Congress to act on crypto oversight. President Biden vetoes the repeal of SAB 121 crypto regulation bill. Colombia drafts CBDC plans and explores blockchain for biodiversity, and the Reserve Bank of India launches its digital rupee pilot. Liechtenstein adopts MiCAR for crypto regulation, and Hong Kong expands its crypto regulatory framework.

Sources:
https://decripto.org/en/the-bank-of-italy-will-publish-guidelines-on-cryptocurrencies-in-the-coming-days/
https://www.tronweekly.com/crypto-regulation-italy-to-issue-guidelines/
https://www.cointribune.com/en/the-bank-of-italy-challenges-bitcoin/
https://www.westislandblog.com/senate-ag-committee-clashes-over-crypto-regulation-readiness/
https://www.coindesk.com/policy/2024/07/10/as-the-us-commodities-regulator-urges-fast-crypto-action-senators-still-scrambling/
https://ambcrypto.com/misguided-sab-121-crypto-regulation-bill-return-to-capitol-hill-what-now/
https://www.analyticsinsight.net/cryptocurrency-analytics-insight/analyzing-cryptocurrency-market-in-colombia-development-and-regulation
https://www.forbes.com/advisor/in/investing/digital-rupee/
https://www.lcx.com/mica-regulation-explained/
https://www.wealthbriefingasia.com/article.php/Hong-Kong%E2%80%99s-Successful-Approach-To-Cryptocurrency-Regulation?id=201700
https://www.wealthbriefing.com/html/article.php/Hong-Kong%E2%80%99s-Successful-Approach-To-Cryptocurrency-Regulation?id=201700

Outline:
(00:00:00) Introduction
(00:00:33) Italian Central Bank Governor addresses crypto regulation at ABA meeting
(00:02:20) CFTC urges Congress to act on crypto regulation
(00:04:26) Biden vetoes repeal of SAB 121 crypto regulation bill
(00:07:20) Colombia drafts CBDC and explores blockchain for biodiversity
(00:09:30) Reserve Bank of India launches digital rupee pilot
(00:11:04) Liechtenstein adopts MiCAR for crypto regulation
(00:12:58) Hong Kong expands crypto regulatory framework