[Global Politics] Cryptocurrencies and digital currencies (and markets)

[@Cicada3301AU]

Whether its value is being influenced by the hands of anarchists, investment firms or banks, crypto is here to stay.
I can promise you that.

https://www.barrons.com/articles/bitcoi ... =hp_LEAD_1

[@Cicada3301AU]

It's really no surprise that cryptocurrency services continue to find themselves facing legal problems.
The industry has become a giant legal soup with confusion and inconsistencies everywhere you look.
It's a total legal mess.

https://www.afr.com/companies/financial ... 920-p5kc6t

Further reading:
https://www.afr.com/markets/currencies/ ... 922-p5kchn

[@Cicada3301AU]

Just like I said yesterday.

https://www.afr.com/technology/cba-cryp ... 923-p5kcrm

[@Cicada3301AU]

Australia's head of the Reserve Bank says there's no place for Bitcoin in Australia's economy.
And she also says that she doesn't know or understand Bitcoin.
How the hell does anyone get appointed head of the Reserve Bank and not understand that Bitcoin and cryptocurrencies are already a functioning part of the economy, but also not understand how it works?
There's seriously something backward about Australia.

https://www.smh.com.au/politics/federal ... 5kqhp.html

[@cipheranarchist]

Australia taking an isolationist approach to cryptocurrencies is silly.
As the US (the world's biggest economy) appears to be being reshaped by President Trump, to embrace cryptocurrencies, denying the increasingly important sector access to your economy by denying its relevance is not smart.

[@cipheranarchist]

"Those of us still waiting for a clean articulation of what bitcoin is will remain frustrated. But it’s getting harder every day to fight against the crypto revolution."

Why fight it?
Embrace it.

https://www.ft.com/content/0233a9c6-1de ... 5253717c8b

[@Cicada3301AU]

Cryptocurrency markets will not be immune to the global stock market sell-off, which in itself has a long way to play out, yet.