Why are politicians and sanctioned states embracing crypto?
- 1 min read - Source: Al Jazeera
TOP SUMMARY
Why are politicians and sanctioned states embracing crypto? Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions...
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Key points
- Why are politicians and sanctioned states embracing crypto?
- Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions and global finance.
- The cryptocurrency market is now worth more than $2.23 trillion.
- Traditional banks are embracing them.
What happened
Why are politicians and sanctioned states embracing crypto? Bitcoin is falling, yet cryptocurrency is spreading beyond investing into politics, sanctions and global finance. The cryptocurrency market is now worth more than $2.23 trillion. Traditional banks are embracing them. Politicians are becoming some of their biggest champions and beneficiaries, and governments are racing to write the rules. But cryptocurrency is also becoming a tool for political interference and for sanctioned states seeking to move money beyond the traditional financial system.