i've lived in the united kingdom for so long i have had dozens and dozens and dozens of emails from all these british companies saying to to new european privacy directives here's our new policy on privacy so it's like there are all these jets online about people throwing their computers out the window because of this hassle but nevertheless they're having to abide by these european regulations anyway in order to stay part of that you're the customs union better member of the new passports of the new color as a manufactured by a french company well we're going to take a little bit of a break here don't go away much more coming your way. seems wrong. just don't. let me. get to see

how this day comes to. an end game treatment equals betrayal. when so many find themselves worlds apart we choose to look for common ground. what hope to do something to. put themselves on the line. to get accepted or rejected. so when you want to be president. or some want. to go on to proceed this is what before three of the more people. interested in the war. for a world cup twenty eight team coverage we've signed one of the greatest kill people . but there was one more question and by the way who's going to be our coach.

guys i know you are nervous he's a huge star and the huge amount of pressure you have to the center of the football with you and do all the great game. you are the rock at the back nobody gets to you we need you to get going let's go. alone. and i'm really happy to join us for the two thousand and thirteen world cup in russia meet this special want. me to just say the reno p.r.t. teams latest edition make it up as we go. welcome back to the kaiser report i'm asked as are time and turn to jose rodriguez

he is of bits dot com jose welcome back thank you max always a pleasure being with you but it's great to have you back on the show it you know one of the guests that we've had going back to the early days of big oil and who have really been part of the growth of this industry and it's a bit so i guess the largest. crypt alembic one exchange in latin america that's right we just surpassed half a million users well it's phenomenal growth and it shows that this coin bitcoin is had really a profound impact on the global economy and a lot of the millions of people all over the world who now understand what it's all about now apparently our show kaiser report you know was responsible for installing a new leader in mexico that's what the press in mexico is saying this is. obrador is the result of max kaiser how will this impact the currency markets in mexico and i guess bits yeah well right now there has been some fluctuation in the exchange

rate we are in the higher and the highest rate that we've seen in recent years there's a lot of. really dim certainty. according to surveys he is the one heading to be the president of mexico but there's still some over a month couple months before the elections will take place but it looks like after it's his third try trying to be the mexican president and it looks like it's probable that he's going to become into power and much push by keiser report. but said other words you don't really have a scenario of impacting your business materially one way or another but let me ask you this. the mexican peso has tumbled by double digits as had all the other emerging market currencies as the u.s. dollar has soared in value and how does this impact

a business yes there are some people that like to invest or by u.s. dollars for example where an election is coming before ninety ninety four each six years that mexico elections take place every six years they used to be a huge devaluation and inflation every six years when outgoing and incoming new president came in so there's people who would like to save in and us always and there are some people that also because of the ability to that they're having their like they have one to cover future payments in u.s. dollars or cover up and well because it is a way of doing this encrypt their currencies but also as we know it's a way to moving money in and out of the for in markets right and to get back to the political scene a for a moment obrador as a leftist and would this interview. the domestic economy does it need a bit of

a lefty to come in and take away some of the excesses one finds when the right is in power for a long time or is it what he of you yeah so he's views as the most left this option but what is funny is that because he has had this presidential run being so successful with with left this protective poll he sees the other candidates are also doing the same type of folly so even the ones perceive a far right are doing also those kinds of policies so he's move the needle of discourse and so the going forward the policies would be in place on the regulatory front how might they impact tripped up because every country is down evolving regulatory framework for crypt out something that trades are open they try to attract tripped up as a some countries are. repel ing the crypt of business mexico to me given they history the banking system would benefit hugely from adding

a more crypto based currency and better relations with a tripped out as just a way it would be to me a left wing issue and the problem is that there have been you know some bad actors in the banking sector that have benefited. the richest of the rich so your view on that you know unfortunately as you say makes us have one of the biggest cases of money laundering in the financial system we have one of the largest unfortunate cases which is his b.c. for example and reg no what happened in the other side on the fin thickset is that they just passed the fantic law in mexico's the beginning of the year so right now all the fic industries being regulated and there are there are no some clear rules including scrip the currency exchanges which is good because no you know how you you can interact with regulate the players for example stockbrokers banks different regulated and yes and there is some clarity with whom do we have to

work with in order to get for example more crypt occurrences into the exchange are we going to react if in different financial services and how are we going to interconnect with the mexico financial system it was like well with so i would say before us you're right so you're in a bit of an island an unregulated island which was has a certain appeal as a counterpoint to the banking system that was perceived as being run in an inefficient way or by a lot of bad apples us some use that term but what you're saying is that to grow the ecosystem at this point to have some regulations that apply to everyone in the space to give his interoperability between you as the crypto guy and everybody else out there the banking insurance all the other financial products out that the. to that extent the regulation is a net plus and also it's a way that you've seen it all over the world and in other countries has come to.

give more and more than they now make economy and also bringing new players there probably are for example the own bank there are people there who have access to credit or people that do not have access to financial services so that is also an advantage of that we have another fix have reaching out to these people bringing into this economy and financial services of they wouldn't have access normally so we make bro and develop right so you know in the early days of kept out you know they weren't on the street was all as this exchange got hacked that exchange got hacked but of course the script was dominated by the best engineers and minds in the world that have gravitated toward this space the incidence of these access been reduced dramatically meanwhile in the legacy banking system not so much protection against attack so there's been a major hack a mexican banks tell us about it as if impacts are business if it all yes there had

been something lace in transfers there were some rumors. banking's banking system going to banks code hag there isn't much information flowing but now there is some information that they were actually able to create to this phony accounts and transfer money out of the banks and wow it has been infected and is that there's a contingency in the banking system and there's delays in transfers so for example there's a lot of users that we throw money from from but so are the president a bit so i normally we did a great integration in which this is an instant transaction and right now it's taking hours and it's not only us it's the whole banking system because they're in contingency there are there are flowing very slow. ollie they're trying to find out what went has happened and they're they're doing the best to geishas and turn the yes money i mean on the banking system they number of hours and days it takes to

clear trades could be three days could be a normal clearing time and if there's a problem the system works so slowly that they many times can fix these problems before it's noticed because the whole thing kind of goes slowly but with crypto on the stand as you point out instant transactions instant confirmations when they legacy banking system slows up for any particular is that it shows up quickly and people are aware there is a problem so this is a nice thing sex and balance i understand actually in mexico now they're bringing on another exchange and to compete what the current exchange is spent on for one hundred years. talk about that a little bit yeah we only had one stock exchange in mexico which is called dublin somebody's going to there but otis so different from for example in the u.s. where you have nasdaq you have bats you have a new york stock exchange mexico there was only one so this also made that you had no competition and there were there were no incentives for example to challenge

someone for and for and for an i.p.o. and different type of service is a better system and so this so right now there's there's a new stock exchange gold biba and they're just finishing up the last the start running and now they're going to compete for orders now they're going to compete for better technology more i.p.o. so it's going to help develop also the it sounds like some competition now and it's going to be better for everybody yes definitely and one of the bits of they have is as are c.e.o. they brought. a very experienced person who has been leading venture capital funds and she was like the president of the mixed group which is the old the bencher capital funds and in mexico so probably we're going to see new players and startups coming and making i.p.o.'s in mc. go because there aren't many i.p.o.'s in mexico mexico city is an unbelievably charming city that while i love to visit and it should attract. crypto community above and beyond what is already there you've

already got a thriving line you know it's funny we were talking yesterday and i said how did the earthquake impact your guys and it's really a testament to the agility of this industry and compared to the legacy system because the answer was well you know we live in the next week we're already in a new location now imagine if this happened to an old line bank earthquake damage and tons and tons of employés legacy systems old computer systems and they would still be going out what to do in the event you guys because it is tripped up because it is so agile because it is a new paradigm you are up and running in j.s. and a new location right yeah we have to be running twenty four seven fortunately our building got damaged and we have to move out of there. but yeah we were up and running we were twenty four seven we had some delays for example with the customer

service organ sorting tickets but we kept them running and we kept on business as usual right tell me about the demographics of the customer base he said in a half a million users what how does it break down demographically so most usurious are between twenty five to forty years of very much. we have made some surgery so see what is what is the type of profile and we also see what type of people so most of them are people that have either a bachelor or a master's degree they have some interest before it was only and take a night decide now you're seeing more financial and economic people coming into the into the space and also finding out even if they want to trade of the one best of if they want to move money that there are some answer to all of this in their. crypto space so more and more people besides the technical side are coming and being attracted into the training space and what we're also seeing that is very

impressive is this new generation of traders that you hadn't seen. any time in the xico because we read now we have more accounts than old stock brokers in mexico together so we have more users than them this is amazing so the culture of owning stock and owning equity and being a shareholder and the capitalist system was really not part of the mexican culture and the guys are a startup have been around what five or six years and you already have more accounts than all the stockbroker has combined yet so and these people are not crypto savvy they're trading savvy and i mean that's how you build an economy i would think yeah you know so i mean either they may get attracted by bit corn or ship their currencies that's year was a great year in and returns and what happens afterwards is that they diversify and they go they start trying go probably i should invest and precious metals probably i should invest in stocks so yeah as you say this develops the economy those of

ellipse investments and now it's they're getting diversified people that bought a twenty x. for example this year well they're now. experimented with with stocks for example and they're trying to build a portfolio which it's happening in the other way around that and you guys possibly would also go into brokerage right you're thinking of that are right now we are we are opening our institutional sales area so we have been very good with retail customers but we haven't been in the past so good with this person the vice and institutional investor site and that's something that we are focusing right now especially meat. in this and we're also creating this bridges for example like you mentioned with the new mexican stock exchange we just made an event we just. listed in thomson reuters so the hold our markets three blocks from we got listed also in data services so we are getting all those bridges built for institutional investors

to see how we are able to do service and to bring information and financial sounds like a trip for us to mexico city is coming up again soon we must go you must say thanks again for bad guys report thank you very much max that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert want to thank our guest knows a lot of he is with a bit dot com if you want to reach us on twitter it's kaiser report it's a nice bio. join me every thursday on the alec simon show and i'll be speaking to us from the world of politics or business i'm show business i'll see you then.

fifty years ago pregnant women to come together as a sleeping pill and thus this is what i mean because does what you said just on the side effects what terrible but not on known as shown induction untroubled love to hear not the warm welcome up across europe victims are starting legal battles demanding at least some compensation in something in two ways first will the physical damage itself as well the constant reminder that the people who actually perpetrated this crime has never been able to justice and there's been a couple of. a fight for many clubs over the years so i know the game inside god's. football isn't only about what happens on the pitch for the final school it's about the

passion from the fans it's the age of the super money kill the narrowness and spend each other to the twenty million all one player. book it's an experience like nothing else on here because i want to share what i think of what i know about the beautiful guy great so one more chance for. six points.

international an f.b.i. informant or a spy us politicians and the media model over how to describe the role of a cambridge professor who infiltrated donald trump's election campaign. if you please political crisis deepens a failed to euro skeptic coalition says the e.u. is behind the president's decision to appoint a neutral brussels a friendly interim government. because he's moving through the storm to find. some capitals. the israeli parliament debates a new law that would the filming of i.d.f.

soldiers are currently in the spotlight for allegedly using excessive force. your world news on the hour every hour this is international from all of us here a very warm welcome to. america is split not just along democrat and republican lines this time it's about one word. spygate it's a bit like the recent internet debate over jani ole laurel where different people hear the same sound recorded in different ways spygate is what u.s. president donald trump has called the intelligence services planting of alleged mole in his election campaign and the department of justice they refer to that person as an informant on t.v. correspondent jacqueline verger explains the semantic model america has got itself into. there are many out there who would and do call into question donald trump's

business process but there's no denying the guy is a branding machine and his labels have a tendency to work like gangbusters mark you know little mark he's a lion ted and you know that's his name we can't have met rocket man sick puppy shooting rockets all over the place through kid hillary crazy very he's crazy is a bit but you know he does it with terms ladies hashtag where the buzz word is spreading like wildfire he came up with this one to remind anyone who follows his twitter which is everyone that the f.b.i. may have spied on his campaign through a confidential informant but that sounds all official and is definitely not scary or catchy q trump we now call it spygate you call it spygate adding a gate at the end makes it so much better doesn't it watergate deflate gate russia gate priceless and according to some anonymous sources that spoke with the a.p. terms choice of the word spy it was not an accident he allegedly picked the term

believing it to be more sinister and likely to be picked up by the media and if that's true boy was he right the revelations of the obama era political targeting grow more ominous by the day claims the f.b.i. may have been spying on his campaign he's kind of upset with the read an article in the new york times seems to feel that there was a mole or a spy in this campaign ok no surprise that fox picked up and ran with trump's phrasing but seriously it's common knowledge that if a toddler is throwing a tantrum you simply don't give them the attention they clearly want the fake scandal the trump scripted for us in the media this week as a name when we're not going to repeat this morning and it has tweets to go with it which i am not going to read because reading those tweets is what he wants us to do three even enjoy get m.s.n. b.c. could have been a shining beacon of rationality for the rest of the media to look up to and not give trump exactly what he wanted but no. president trump has seized on this new branding effort to discredit the discredit the russian investigators and i don't

really know where kids spygate and it just went on from there after running out of steam either supporting or contradicting trump claims little hint either way it still works for trump they went on spending air time defecting to semantics at play here we give you the great debate of informant first by what's your reaction first to the tweet and second to the distinction between a spy term on the president is using and informants they're one in the same a confidential informant is someone who is informing confidentially in other words spying you may call this person a confidential informant that sounds perfectly foreign right but what if it's a spa funnily enough and a breakdown of the coverage of translate this phrase by the washington post we were mentioned as having not picked up on it but you still haven't said what this whole time i haven't thought it ok well then spygate spygate spygate can we move on now to. the individual at the center of the spygate scandal is the cambridge professor

who was allegedly collecting information on several of trump's aides they were suspected of having links to the russian government we discussed spygate with a legal and media analyst lionel. it's amazing how they focus on the word spa a versus informant if the question is not whether he technically falls under the the definitional rubric of spy versus informant question is what was he doing there in the first place russian collusion and that's the that's the fiction in this that the story they're being told so what do you do is instead of realizing look you got away with this just let this die don't bring this up anymore oh no no no no they want to focus on the use of the word spy they can't let it go and it was intimated somehow that artie did not pay

a lot of attention to the word either informant or spygate but he used a little bit of the word spy and it was used i guess the theory behind this was isn't that interesting that r.d. decides not to use those terms not to use those words what does that mean it may mean the following it may mean that our t. believe it or not was involved in reporting the new. italy is set to be governed by an interim pro european prime minister that's after all euro skeptic coalitions bid to govern what they're railed by the italian president and the head of the league party one of the failed coalitions members things this may have been of the european union's bidding.

the euro skeptic coalition failed to form a government after the italian president rejected its pick for economy minister has now appointed a former international monetary fund official as interim prime minister what this

means french italian elections are now on the horizon of the failed coalition has called for the president to be impeached accusing him of bowing to pressure. examines brussels track record of getting its way. you can win an election creates a coalition put together a plan for reforms and a ruling cabinet but turns out you still don't get to govern well that's if you're in the e.u. and you have a you a skeptic. but i. did not approve the name of the minister of economy and i ask that ministry and informative and it's go figure from the coalition policies he was not seen as a supporter of a line that could provoke italy's exit from the euro. essentially this means that the majority of between. opted for the five star movement and northern league two parties with an anti e.u. agenda in march actually don't get to decide the president awaits

a red card because he doesn't like one proposed minister and q political crisis possible snap elections is this really how democracy is supposed to work. in the constitution. to change. this is a limited room it's a piece of democracy. brussels hasn't shied away from warning the new italian government against disobey the e.u. rule book and it looks like it's got its way no matter what the tally in voters want it and when has that happened before oh yes back in two thousand and five a referendum was held on whether or not to adopt a european constitution here in france as well as in the netherlands voters rejected the idea yet despite that clear unease that pushed ahead well branding it

as the lisbon treaty three years later which contained many of the changes the constitution had attempted to introduce but this time the majority of the public didn't have a say because parliament simply ratified it island the only e.u. member which stuck with the referendum rejected in this bill treaty but that was old didn't go down well with brussels but i believe we should not rush to conclusions believe the truth is a lie and we should now try to find a solution and despite a clear fifty three percent no vote the irish will back at the polls just sixteen months later for what must of felt like day finally the e.u. got the answer it was looking for yes. suppose to jump for joy what about greece the mediterranean country drowning in a sea of its own.