New forms of money and new ways of recording ownership, explained without hype: what they are, who stands behind them and what rules apply.
This channel explains digital assets for complete beginners: stablecoins, central bank digital currencies (CBDCs), tokenized real-world assets, the EU's MiCA rulebook, distributed ledger technology and who holds the keys to crypto. It explains how they work and how they are regulated; it never tells you what to buy.
A dollar stablecoin is backed by cash and short-term government debt that earn interest. So why don't holders get any? Here is what the GENIUS Act, MiCA and the Bank of England say, and how to read a 'yield' offer.
When a bank, broker or payment app sells you crypto, the coins sit with somebody. Who that is decides what protects you if the firm is hacked or fails — and it is not the same protection as your current account.
Banks have always kept ledgers. A distributed ledger is a ledger that many computers keep together and agree on. Here is how that works, why finance is interested, and what the technology cannot do.
MiCA is a crypto law, but its stablecoin rules read like payments law. Here is what it means when a bank, an e-money firm or a payment app puts tokens next to your money.
A stablecoin, a central bank digital currency and a bank balance can all show '100' in an app. Behind each number sits a different promise from a different institution, with very different protection.
Tokenization promises bonds, funds and even buildings that trade like crypto tokens. Regulators agree on one thing: the token is only as good as the legal rights behind it.
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