The Bitcoin Banking Battle Heats Up

Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?

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This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

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On this edition of the weekly recap, NLW looks at the brewing battle to be the bitcoin and crypto bank of the future. He looks at three stories reporting banks getting into crypto (BBVA, Standard Chartered and DBS) as well as crypto companies applying to become banks. Finally, he examines why this is happening right now, and what are the true stakes of the game.

This week on The Breakdown:

• Monday | China’s Latest Digital Currency Trial Is Its Most Important Yet
• Tuesday | A De Facto Bitcoin ETF? MicroStrategy Is Raising $400M to Buy More BTC
• Wednesday | The Most Important Trends and People Shaping Crypto 2020, With Ryan Selkis
• Thursday | SEC Commissioner Hester Peirce on a Bitcoin ETF, Custody Rules and What’s Next for the SEC
• Friday | Why a Massive 169-Year-Old Insurance Company Just Bought $100M in Bitcoin

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.