680:Vitalik's CBDC U-Turn and HK's Regulatory Push

Episode 680:
CBDC Alert (Buterin) - Vitalik Buterin, Ethereum's co-founder, revisits his outlook on Central Bank Digital Currencies (CBDCs). Once optimistic, Buterin now sees CBDCs as mere "front ends" for traditional banking. He warns that they could be tools for increased governmental and corporate surveillance.

Marton Quits NYDFS - Peter Marton, head of the virtual currency division at NYDFS, steps down, leaving a leadership void. Marton's exit could slow down the BitLicense application process and impact crypto businesses operating or wishing to operate in New York.

HK Unmasks Crypto Firms - Hong Kong's Securities and Futures Commission (SFC) plans to publish a list of crypto exchange license applicants. Triggered by the JPEX scandal, the move aims for increased transparency. While the SFC's efforts may bring greater accountability, it also sparks concerns about centralizing control.

RoK’s Crypto Vetting - The Republic of Korea's Financial Intelligence Unit (FIU) is tightening regulations around major shareholders of crypto exchanges. Prompted by legal issues at Bithumb and Upbit, the FIU's initiative aims to curb illegal activities.

Mixin's $200M Hack - Mixin Network reports a staggering $200 million loss in crypto assets due to a hack. The platform’s reliance on a centralized database was its downfall. Founder Feng Xiaodong's recovery plans, involving issuing "bond tokens," appear insufficient.

Upbit's APT Scam Crisis - Upbit, Korea's largest crypto exchange, faces a security breach involving fake Aptos (APT) tokens. The scam tokens were airdropped into nearly 400,000 wallets, putting Upbit's security measures into question.

Crypto Overnighter Podcast (9/25/2023): 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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