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"Passion and theology may sound odd put into the same sentence. But…if theology does not lead to passion about and for God it is useless. —J.I. Packer"

Buy, Ban, Or Copy? How Governments Are Responding To The Cryptocurrency Revolution

Aggregator by Aggregator
June 15, 2021
in Economy
Buy, Ban, Or Copy? How Governments Are Responding To The Cryptocurrency Revolution
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The global economy is facing an unprecedented currency disruption.

For decades, fiat currencies — based solely on the credit of a national government — have been the global norm. Since the United States stopped tying dollars to the value of gold in 1971, for instance, the currency has no value apart from its federal endorsement.

More recently, cryptocurrencies — decentralized, virtual currencies kept anonymous and protected from counterfeiting via encryption — have rapidly gained prominence. Countless reputable institutions — from Tesla and Morgan Stanley to Harvard University and PayPal — have accepted, bought, and encouraged the use of bitcoin and other digital money.

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Source: The Daily Wire
Tags: americaCryptocurrencycurrencyEconomygovernmentRevolutionWorld
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