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    Inside Bakong: How Cambodia Hopes To Leapfrog Into the Future With Digital Currency

    enMarch 05, 2021

    About this Episode

    In this week’s “Money Reimagined” podcast episode, we take the discussion around central bank digital currencies (CBDCs) down from the high-level geopolitical themes we’ve addressed previously and into what the technology can do for people at the grassroots level. 

    To do so, Sheila Warren and I talked to Serey Chea, director general at National Bank of Cambodia, and Makoto Takemiya, co-CEO of Tokyo-based blockchain technology provider Soramitsu, about Cambodia’s new “Bakong” central bank digital currency and payments system. 

    They provide a thought-provoking look at how small economies can use CBDCs to leapfrog their otherwise underdeveloped financial systems into something far more advanced.

    With the financial world obsessing about China’s launch of its new digital yuan and the competitive threat that poses to the U.S, which is now accelerating its work on a digital dollar, this is a reminder that there is real potential to do good with this technology in the realm of financial inclusion. 

    However, there are real challenges – the impact on the banking system, privacy and security, to name a few. We address all of those and explore where this is going in this far-reaching conversation. 

    Image credit: Paul Szewczyk via Unsplash modified by CoinDesk

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    Links | 

    Cole Sternberg 

    The Free Republic of California 

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    The World Economic Forum  

    CoinDesk.com

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    Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MRP15. 

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    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences.  Take 15% off registration with the code MRP15. 

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    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MRP15. 

    Register now at consensus.coindesk.com

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    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    Register now at consensus.coindesk.com

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    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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    -

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    How AI and DePIN Will Change Web3 

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    Hub Culture 

    The World Economic Forum  

    CoinDesk.com

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    Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MRP15. 


    Register now at consensus.coindesk.com

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    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Exploring Davos With Grayscale’s CEO Michael Sonnenshein: The Battle for Bitcoin's Soul and the Impact of ETFs

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    Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch 

    Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?

    FTX Affiliate Alameda Research Drops Grayscale Lawsuit

    World Economic Forum 

    Crypto Council for Innovation 

    Michael Sonnenshein | CEOI

    Grayscale 

    -

    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Could Crypto Draw Insights from Past Bull Market Errors to Forge an Enduring Legacy?

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    A live recording at The Hub by Casper Labs during the WEF's Annual Meeting at Davos 2024.


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    Takeaways: 

    The crypto industry should learn from past bull market mistakes to build a lasting legacy.

    Regulatory uncertainty has had a significant impact on the industry, but progress is being made in terms of developing a consistent federal framework.

    Crypto intermediation, particularly in terms of custody and exchange services, has been a major focus of regulatory attention.

    Demonstrating the benefits of crypto, such as property rights and financial inclusion, is crucial in winning over the general public.

    Use cases in gaming, education, and payments can help bring more people into the Web3 space.

    Links | 

    Yat Siu: The Metaverse Man Gets Real 

    Faryar Shirzad- wikipedia

    World Economic Forum 

    Crypto Council for Innovation 

    -

    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    What Will Be the Impact of a Bitcoin ETF Approval?

    What Will Be the Impact of a Bitcoin ETF Approval?

    Hermine Wong explores the potential approval of a spot Bitcoin ETF, emphasizing that it could have short-term market fervor but may not necessarily lead to significant long-term adoption of Bitcoin.

    In this week's installment of "Money Reimagined," host Michael Casey discusses the anticipation surrounding the approval of a spot Bitcoin ETF. Casey is joined by Hermine Wong, Founder of herminewong.xyz and Principal at Berkeley School of Law, 

    a regulatory expert offering insights on the topic. They explore the potential impact of ETF approval or disapproval on the relationship between the crypto industry and Washington. They also discuss the regulatory frameworks in Asia and Europe and the need for the US to catch up. The conversation delves into the importance of driving adoption and the challenges faced by disruptive tech in engaging with policymakers. They also touch on the opportunities for adoption through tokenization and NFTs.


    Takeaways: 

    The entry of institutional investors into the crypto space indicates their belief in the long-term value of Bitcoin, but it may dilute the policy argument for the democratization of access.

    The US regulatory framework for crypto lags behind other jurisdictions, but many startups still prefer to domicile themselves in the US due to the flow of value and customer base.

    Crypto industry advocacy should focus on demonstrating the value of crypto in terms of access and opportunity, rather than taking an adversarial approach with regulators.

    Tokenization and NFTs present opportunities for driving adoption by accessing new populations and empowering artists and creators.

    Links | 

    If a Bitcoin ETF Is Approved, Here’s What May Happen

    Bitcoin ETF Looks Very Likely Given These Bureaucratic SEC Steps

    Bitcoin ETF Approval Expected Soon, Bears Lose $100M 

    BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish

    Herminewong.xyz

    -

    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    Decentralization | The First Principle of Why We Are Here

    Decentralization |  The First Principle of Why We Are Here

    The delicate balance between efficiency and decentralization, and the potential for crypto's democratic governance.


    This episode is sponsored by Cboe Digital

    In this week's installment of "Money Reimagined," hosts Michael Casey and  Sheila Warren delve into the challenges of self-custody following the notorious Ledger hack, reflecting on a year of reckoning and consolidation in the crypto industry. Our hosts stress the pivotal role of decentralization and choice in system design and underscore the urgency of constructing a robust foundational layer for the future of decentralized technologies. Gain insights into the principles of decentralized governance and its parallels with constitutional principles.


    Links | 

    What We Know About the Massive Ledger Hack

    Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'

    Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push

    Ethereum Platform Infura's Step Toward Decentralization Includes Microsoft, Tencent


    From our sponsors:

    Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether on January 11th, 2024 with physically delivered contracts to follow.  Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access.  We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk.

    -

    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

    A Holiday Extravaganza With Top Picks, Rants, Bitcoin Triumphs, and Central Bank Challenges in our 'Best of' Special

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    This episode is sponsored by Cboe Digital

    We are celebrating the holiday season with a special "Money Reimagined" edition featuring the hosts' top picks from the year in our 'Best of' compilation.

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    In the first installment, Sheila Warren is solo talking with Noelle Acheson  CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. Acheson provides persuasive proof of Bitcoin's resilient performance over the course of the year, demonstrating its remarkable outperformance in comparison to conventional stocks.

    They explore the importance of Bitcoin ETFs, with Warren offering insights into India's changing perspective on cryptocurrency and its position in global crypto regulations, offering a thorough analysis of the country's evolving landscape.


    Sheila’s second pick is a conversation Michael and she both had with Hyun Song Shin, Head of Research at the Bank for International Settlements (BIS), about the recent release of the Annual Economic Report

    They examine the challenges presently confronting central banks, and explore the immobilization or locking of tangible assets, along with the legal obstacles associated with tokenization.


    From our sponsors:

    Do you have a trusted partner for your crypto trading? Cboe Digital will introduce financially settled margin futures on Bitcoin and Ether January 11th, 2024 with physically delivered contracts to follow.  Listed and cleared on Cboe’s U.S. regulated exchange and clearinghouse, and complemented by a liquid crypto spot market for greater ease and access.  We invite you to learn more about this and all applicable risk disclosures at cboedigital.com/coindesk.

    -

    Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. 

    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.