pull down to refresh
5 sats \ 0 replies \ @Entrep 9h \ on: If Bitcoin Is Intended as Sovereign Money why Nations that Need it the Most Lag? bitcoin
Governments experiencing financial crises often view Bitcoin as a threat to their monetary sovereignty and a vehicle for capital flight. They may impose strict regulations, outright bans, or make it difficult to access or use Bitcoin. The threat of legal repercussions (fines, imprisonment, asset seizure) for citizens defying these rules is a powerful deterrent. This is a primary reason why you might see limited adoption in countries actively trying to control foreign exchange.