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#92 - Explaining the 2022 UCC Amendments, with Professor Carla Reyes

Law of Code

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The Risks of Re-Centralizing Bitcoin

If Bitcoin and other cryptocurrencies are money, they get very few not so good rules. The only real way to perfect in them well is to re-centralize them either into a bank account or into something like a custodian that opts into the security, intermediate securities regime under Article 8. And that means re-centralizing Bitcoin into third-party intermediaries, which is not what anybody wants.

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