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Bitcoin is not the sovereign currency of any country, so there is no issues as far as international law. Sure, lobbying is an issue, but if the government is l
by sudosysgen 5y ago
Bitcoin is not the sovereign currency of any country, so there is no issues as far as international law.
Sure, lobbying is an issue, but if the government is lobbied to support crypto, they support crypto. I'm starting from the assumption that they see it as an existential threat and want to eradicate it.
When I say "governments", I mean the likes if China, the US, and some key states of the EU. Really not that many.
- djbebs 5y agoDid you miss the part where El Salvador made it one of its official currencies?
- CaptainZapp 5y agoIt doesn't really look like a roaring success as of now.
- sudosysgen 5y agoOfficial currency != Sovereign currency. El Salvador also had the US dollar as an official currency, does that mean they get to sue you if you destroy US dollars or devalue the currency (as the US can do)? Of course not, because while it's a currency the Salvadoran government agrees to accept, it's not actually their sovereign currency.