Seems Russia and China are looking at “closed” systems as a way of controlling the economies and people’s transactions.
I’m impressed that Nanny Bloomturd’s organization calls it “authoritarian”, rather than something that might sound positive, at least to sheeple, like “government secured” or something.
Script. Literally.
Wondering why the gov hasn’t seized Bitcoin by the neck and strangled it to death. Because they will. They will wait until Bitcoin gets real big. Then they start the regulation. Little at first. Then, in a short time, overwhelming government control amounting to government takeover. They will let someone else manage Bitcoin and take the responsibility, but they will get access to all transactions. Then in a few more years, they declare cash illegal.
Except for the ruling elite - they will have a way out of all this.