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Crypto Facilitates Money Transfer for Restricted China

</header> <strong>Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money …

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Crypto’s Forgotten Altcoins Re-Emerge: A Look at What’s Happening

</header> <strong>During the crypto bull market of 2017, everybody was happy. It wasn’t just the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> maximalists, <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> enthusiasts, or proponents of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/ETH” target=”_blank” rel=”noopener noreferrer”>ETH</a>. Privacy coins like monero were doing great, and even charity-supporting “comic relief” coins like doge were riding …

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Greta Thunberg Joins Satoshi in Questioning Bank Bailouts

</header> <strong>Saving planet Earth is a noble goal with many different dimensions. Climate change needs to be addressed vigorously as our world warms up faster than ever. Economic development needs a higher degree of financial freedom to provide everyone access to opportunities and wealth. A teenager from Scandinavia, dubbed a “next generation leader,” has once …

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IRS Revoking Passports Shows How Government Erodes Everything We Hold Dear

</header> <strong>If you have outstanding tax debt, the IRS may now want to take your passport. For U.S. crypto holders still waiting on promised IRS guidelines for filing — especially those overseas who may have missed these warning memos — the over 400,000 agency notifications issued since February last year are troubling. This kind of …

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Normalizing Negative Interest: It’s Flabbergasting How Closely Media Parrots the Government

<header class=”article__header”> </header> <strong>Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these policies are getting a shiny new spin thanks to mainstream media outlets promoting …

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China’s official digital currency is nearly ready

Sponsored Links AP Photo/Andy Wong As much as China frowns on cryptocurrency, it’s happy to introduce its own form of virtual cash. The People’s Bank of China has revealed that its digital currency “can now said to be ready” after five years of work. Don’t expect it to mimic crypto, however. According to payments Deputy …

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The Modern Era of Free Range Slaves: How Bitcoin Breaks the Mold

</header> <p class=”p1″><strong><span class=”s3″>In a string of recent Tweets, 2020 Libertarian presidential candidate and fugitive from the law John McAfee has been talking about slavery. Urging people to “wake up” and assuring them that neither compliance with the status quo, nor stacks of riches, can set them free. Indeed, when the current state of the …

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Is Bitcoin Money? Revisiting Mises’ Regression Theorem

</header> <strong>Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable …

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

</header> <strong>U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the …

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‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

<header class=”article__header”> </header> <strong>P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli …

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