Cryptokin we love you! May the universe bless you for swinging by to gather here on the secret radio broadcast of the underground Publish0x!! Another jewel of a day, extra summer doggy days. Crypto is borg, baby!!! Why rebel when it's so easy to subvert, lol. With love. 
Changing the fabric of FT crypto coverage one chitpost at a time, baby ! We read it all so y'all don't have to !!!! Can't get BTC to lay down and stay down below 20K with a GD shotgun. Won't back down - it's a good time to buy blue chips. BTC, ETH, matic. Maybe really eth.
Today in the lovely pink lady: stories about crypto, only say inflation: All the world is shorting the gilts. Hoooweee, it's looking bad. Goldman sez UK inflation will hit 20% by early 2023!!!! The shorts are LAUGHING, calling the Bank Of England a "rabbit in the headlights" too scared to move aggressively.
Tradfi /gummint corruption watch: hot as usual. 
More oped on how bad the water regulators and energy suppliers were mismanaged. It's deeply systemic now. Who the $(#$#(*!$& watches the watchdogs of the watchdogs?? The people do from a distance as they pay n pay, but that's about it. 
Only smart design and smart contracts can enforce "don't be evil."
The IMF is gonna print up another 1.1 Billion to give to Pakistan. It's part of four billion coming this year. Islamabad is supposed to pay 24 billion. Tell us, why print money to give out to be given right back to avoid "default?" Who the $#($&#@$(&!! are we fooling? All the people that touch and chip off that moving money aren't saying chit, that's for sure. Ahhh back to love: 
well, sort of.
Back in the FT looking for crypto! Won't get it in a gaming review, Papers Please. Doing a triple backflip to avoid crypto in games, the FT inexplicably reviews a pretty cool empathy game
that was Wired's top pick in 2013. We kid you not. 2013. WTF FT no #($*&#(*!! games in the last, dunno, DECADE worth thinking of?? Even ten years ago some said Papers Please gameplay was tedious. Details did scan like a b-school exercise in scripted roleplay. Aieee back to love 
OK, FROM the high ground, WITH the love, a one and a two!! Crypto in the FT!!
Not a drop in the print version. That's a slap in the face with a wet fish!! Wow, won't back down - but Coinbase and Binance don't sell privacy coins, maybe they already did. Not a touch of crypto. OK, ONLINE we go baby!! Here's a slap in the face headline - crypto consumers will continue to be ripped off.
THAT'S HOW ya (mis)frame a question, girls n boys. TLDR: ex- alternate Matthew dictates central bank thinking. Mica is done in the EU, the UK is reading a new bill.
The UK is only going after stablecoins this time, to allow innovation. The EU is saying that cryptos that are purely mined are exempt, but all others must be liable for a whitepaper / prospectus they must print. The UK only doing exchanges and custody. The EU's doing advice, trading, exchange to fiat, order transmission. Heavy consumer warnings are coming in the UK, recently burned by the London Cap microbond scandal.
France gave Binance the green light under pre-Mica law. This raised eyebrows. Binance is often scolded by regs, fined by the Dutch. The FCA (UK) already said Binance could not be regulated.
The reason given is that Binance would not show a clear corporate structure to UK regs. Post the BCCI scandal, regulation requires transparency.
Matt is really happy, the UK and the AMF and the Esma and the EMA will all get to screw with crypto under Mica.
Rehash of how the EBA and Esma need more money to not be outgunned by crypto firms.
On enforcement, the US SEC is enforcing against scams and insider dealing, and arguing most cryptos are securities. The FCA decided this but not yet enforcing. Mica means EBA and "national" authorities have the power of the fine hammer. 
The REAL story: Matt is an ex alternate central banker. This story is OK at first, we did not notice purely mined crypto is exempt from Mica regulation, that's very funny. Because it can't really be regulated like that anyway??
Matt then steps over the line into biased bull#$(@*&#(*&!! He gives a link to the story that a French politician, who is in the main opposing party to Macron, whips up shock. SHOCK! That the other party would approve such a thing!! Dear readers remember crypto french are not fond of her anti Binance investment in Paris stance.
Even THAT's ok, but then Matt drags up that the Dutch fined Binance 3mm. MATT DOES NOT MENTION this cleared all issues with the Dutch, and Binance is GREEN TO GO in the lowlands. That's just a LIE then.
The bs about the UK could not regulate Binance rings pretty damn false, given that the Dutch, the French, Spanish, Italian, Portugese and a metric ton of others can. The BCCI scandal was about a giant crooked bank, seventh largest private bank, doing massive evil that many knew about, not just their shell company game. The link to the reg pile the UK asks below is Kafkaesque. We once filled out fortune 50 bureaucratic applications for pretty damn honest asian software providers. They would have never agreed to waste time trying to fulfill that BS plus you know the Brits would never quite be happy. To Matt it's all sensible.
Now we don't trust Matt anymore. What about the FCA? let's see, the FCA oversaw the London Cap minibond scandal, what was that? Oh, the FCA ignored clear red flags, did nothing, allowed a third of a billion dollars from consumers to be ripped off so bad the gummint stepped in to pay. THAT FCA? Not a single FCA worker was scolded, the then head of the FCA failed upwards to be the new Bank of England head. 
SO, why should we give the FCA more money again exactly?? To hire more people to not do their jobs and then get better ones??
Judges give one FU for saying Dutch fine without saying Dutch approval. We say not mentioning other EU Binance approvals gives another FU, plus a half for mischaracterizing the BCCI evil as a simple structuring question, a form not filled out properly lol. Plus a half FU for not mentioning the London micro bond scandal hurt no one who failed at the FCA. Plus a half FU for Matt's glee at the conflicting spheres of regulators piling higher. The EU and the UK are dying decade by decade in a mass of red tape and insane regulations. A grand total of 3.5 out of five FUs! Judges want to give back a half since Matt mentioned micro-bonds, but we insist the career path of failed FCA head to B of E guvner is worth at LEAST a half FU. Don’t get us started- how about another FU for Matt NOT mentioning the IL, the UK asset managers union, fruitlessly internally begging to create alpha with mutual fund tokenisation.
and all of y’all readers deserve better. aarrr. Yo ho ho, bottle of rum, double grog rations all around.
peace
love
dave
