Most Important Crypto Regulation Yet? Banks Can Treat Public Blockchains Like SWIFT and ACH

<p><span style="font-weight: 400;">Yesterday, the Office of the Comptroller of the Currency released Interpretive Letter 1174. The letter allows banks to participate as nodes in “independent node verification networks” (which you might better know as blockchain networks) as well as use stablecoins for payments settlement. </span></p> <p><span style="font-weight: 400;">In this episode of The Breakdown, NLW looks at: </span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Crypto Twitter’s response to the news </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">A review of key passages from the letter</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The response of critics</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The implications for CBDCs and the geopolitical battle between the U.S. dollar and China’s emerging digital currency </span></li> </ul> <div data-pm-slice="0 0 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div> <div> </div> <div>The Breakdown is produced and distributed by <a href= "http://coindesk.com/" rel="noopen