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| Bitcoin capital flight | Cryptocurrencies Are Opaque Ecosystems. These concerns are valid, but opponents of regulation say there are other motives behind the regulatory attempts. With that in mind, government-backed cryptocurrencies called central bank digital currencies CBDCs based on blockchain technology are more likely to be accepted by governments than decentralized ones. European Securities and Markets Authority. For now, that's fine with most people, so long as the unacceptable behaviors are terrorists and criminals. Governments often institute capital controls to prevent currency outflows because exports could debase their currency's value. Whether the state- and regulation-less future envisaged by Bitcoin evangelists comes to pass is still an open question. |
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| Bitcoin capital flight | Cryptocurrency Explained With Pros and Cons for Investment A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit. But unlike other Afghans in line with him that day, months earlier, he had invested a portion of his net worth into crypto. Bitcoin turned code into real money. Mchangama gave the example of Britain in World War I, which controlled most of the undersea cables used to communicate globally. Maybe from blockchain adoption forward, we really can't ever become so "formal and slavish" ever again? |
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