Xapo Bank’s Joey Garcia joins the show and shares the challenges of running a Bitcoin focused bank and why even die hard Bitcoiners still need a bank, from yield on Bitcoin to access to fiat.

A must-listen episode if you're interested in the conversations that industry leaders, policymakers and regulators need to have to start building the infrastructure for thriving crypto hubs globally. 

Joey also discusses:

→ The challenges with fractional banking and Xapo’s growing presence in emerging markets. 

→ The growing need to align traditional banking standards with the crypto ecosystem and the importance of increased collaboration between the two sectors.

→ Constructive feedback on the EU’s MICA regulation. 

→ Why relying on only a handful of banks for crypto activity poses significant risks to the entire ecosystem.

→ How smaller jurisdictions like Gibraltar or the UAE can play a valuable role in positioning themselves as crypto hubs.

→ How a principles-based approach to regulation that accounts for crypto’s unique characteristics could create a more secure and adaptable ecosystem.