As institutional money set their eyes on crypto, some degree of centralisation and regulation was inevitable. However, the key aspect is to limit it to access gateways and not affect protocols’ decentralisation. Recent events have shown that price manipulation is easily achieved in conditions of low liquidity, hence regulated fiat on- and off-ramps will, in the end, also benefit retail consumers. It once again all boils down to achieving these goals while maintaining privacy for users and ensuring that regulations will not stifle innovation.We were joined by Luka Müller, co-founder of MME Legal Firm & Sygnum Bank, to discuss about crypto regulations, institutional investors, user privacy & CBDCs.Topics covered in this episode:The evolution of MME Legal Firm & Sygnum BankSygnum Bank’s pro-crypto services & target clientsThe impact of FTX’ collapse. DeFi vs. CeFiInvestor protection post-Terra Luna’s demiseExpanding in the APAC regionSwitzerland’s pro-crypto regulationsUser privacy vs. KYC & AMLUS’ crypto policy: regulation by enforcementEU’s MiCA frameworkLuka’s insights on crypto’s value propositionCBDC vs. cash privacyExciting crypto trends and innovationsEpisode links: Sygnum Bank on TwitterMME Legal on LinkedInThis episode is hosted by Friederike Ernst. Show notes and listening options: epicenter.tv/501