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more from that month
Will the U.S. Ever Ban Bitcoin? Bitcoin is now **over $47,000**, its highest **since January**. Former U.S. presidential candidate Ron Paul believers **bitcoin could still be banned**. Shark Tank’s Kevin O’Leary, however, says it will **never be banned** because it holds too much “economic promise.” Exxon wants to slash emissions, so it’s **mining bitcoin in North Dakota**. Ups and downs aside, they won’t be accepting bitcoin as legal tender **in Malaysia** any time soon. https://coinmarketcap.com/ https://www.coindesk.com/markets/2022/03/27/bitcoin-springs-past-46k-to-hit-3-month-high/ https://www.cryptoglobe.com/latest/2022/03/former-u-s-presidential-candidate-ron-paul-u-s-government-could-still-ban-bitcoin/ https://finbold.com/multi-millionaire-kevin-oleary-says-bitcoin-wont-be-banned-as-it-holds-economic-promise/ https://www.cnbc.com/2022/03/26/exxon-mining-bitcoin-with-crusoe-energy-in-north-dakota-bakken-region.html https://www.businesstoday.in/crypto/story/malaysia-says-country-will-not-accept-bitcoin-as-legal-tender-327559-2022-03-28 Coinbase could soon be acquiring **Brazil’s largest crypto exchange**. https://www.benzinga.com/markets/cryptocurrency/22/03/26314482/coinbase-said-to-be-in-talks-to-buy-brazils-biggest-crypto-exchange Ukraine should be a **wakeup call** for American financial regulators. And if you’re having trouble finding an Audi to drive, it might be **due to Russia’s invasion** of its neighbor. https://www.newsweek.com/why-ukraine-should-wake-call-american-financial-regulators-opinion-1686987 https://carbuzz.com/news/audi-facing-production-problems-because-of-ukraine-war *The Defiant* says there are NFTs buried in the Arctic, and they **went to find them**. Photographers, like graphic artists, are making best use of non-fungible tokens to **create content and market it** to their customers. Nelson Mandela made history 27 years ago when he left prison and became South Africa’s first black president. Now, an NFT of his arrest warrant has claimed **$130,00 at auction.** https://www.youtube.com/watch?v=sM0G9KDtfd4 https://cointelegraph.com/news/nfts-are-changing-the-way-photographers-create-and-market-content https://www.deccanherald.com/international/world-news-politics/nft-of-mandelas-arrest-warrant-auctioned-for-130000-1095196.html https://youtu.be/sM0G9KDtfd4 On the international front, Alberta wants to be the next **frontier for crypto entrepreneurs**. Meanwhile, the city of Austin—who still wants to remain weird—is beginning to accept **crypto for city services**. In the future, according to UAE, more companies could be paying salaries **in cryptocurrencies**. https://www.cbc.ca/news/canada/edmonton/alberta-sets-sights-on-being-new-frontier-for-cryptocurrency-entrepreneurs-1.6399255 https://cointelegraph.com/news/is-austin-the-next-us-crypto-hub-officials-approve-blockchain-resolutions https://www.khaleejtimes.com/economy/uae-could-salaries-be-paid-in-cryptocurrency-soon-experts-explain What are the hottest tokens **on the Cosmos ecosystem**? *Nothing nebulous!* https://newsletter.banklesshq.com/p/hottest-tokens-in-the-cosmos-ecosystem?s=r *What little snark there is in this issue of Cryptocracy is in italics.* Cryptocracy is a decentralized newsletter published 4 times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. *First published at* *Cryptocracy**. Not to be construed as financial advice.* https://cryptocracy.substack.com/p/will-bitcoin-be-banned-in-the-us?s=w Image credit: Finbold **Bastyon** = **Cryptocracy** https://bastyon.com/Cryptocracy?ref=PQhFkZthfjCskVLziRpuucFBUQ6bgb5HSv **Hive** = **@allentaylor** https://hive.blog/@allentaylor **Loop Markets** = **@allentaylor** https://www.loop.markets/?ref=11283 **MG Social** = **Cryptocracy** https://web.mg.social/u/cryptocracy **Minds** = **@Cryptocracy** https://www.minds.com/cryptocracy?referrer=cryptocracy **Noise Cash** = **@Cryptocracy** https://noise.cash/u/cryptocracy **Publish0x** = **Allen Taylor** https://www.publish0x.com/@allentaylor?a=MvbmyNrbYA **Read Cash** = **@Cryptocracy** https://read.cash/@cryptocracy **Torum** = **@Cryptocracy** https://www.torum.com/u/cryptocracy **Twitter** = **Allen Taylor** https://twitter.com/allen_taylor
2 comments
Bitcoin is a weapon to remove money emissions from governments and since it is peaceful and anyone can use it governments can't attack directly but most be creative to do so. Most governments think they can control Bitcoin by providing people on and off-ramps or by targeting those using centralized entities, but eventually, people will just buy on CEX and never sell there, so governments will see money get in but never out, that's when they will realize they can't tax it and so they will try to destroy it. The news about eco mining is just a market gimmick put by Bitcoin maxis for anti-mining sentiment, but in reality, Bitcoin still burns lots of electricity, and can never have enough, but it is good that money is being created when it comes to narratives to incentives governments to allow the mining and not become another China. All governments around the world being Canada and China the first to figure out they can't stop Bitcoin and both are The People's republic of Canada and China.
Excellent commentary. I don't really think bitcoin will ever be banned in the U.S., and I don't think Ron Paul thinks so either. There will likely be people who will try to ban it, but they'll be overcome by the reasonable thinkers in positions that matter. In the long run, bitcoin (and all cryptocurrencies) will benefit the U.S. It may be influential enough some day to influence U.S. monetary policy.