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Government vs Crypto: The Battle Begins

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Published on 12 Dec 2020 / In Crypto

The inevitable war between government and crypto is getting started.

German Finance Minister on Monday:
“We must do everything possible to make sure the currency monopoly remains in the hands of states.”

The G7 this week: "We want to regulate digital currencies."

European Central Bank President: "Stablecoins threaten monetary sovereignty.”

Between the STABLE Act, which would ensure that only banks could issue stablecoins and would make all others illegal, Treasury Secretary Mnuchin’s plan to go after crypto, and the French Finance Minister trying to fight anonymous crypto transactions, things are getting heated up.

We’ll get to see if bitcoin and other decentralized innovation can hold their own in an arms race against the most powerful entities in the world.

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Here are a bunch of products I like and use. Using these links helps support the channel and future videos!

Recommended Books:

Permanent Record - Edward Snowden
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No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
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What has the government done to our money - Rothbard
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Faraday bag wallet (signal stopping, to protect your fob, credit card, and phone)
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Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
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