SOB #498 Rights Versus Privileges in a Global Financial System

Published: April 30, 2022, 1:28 p.m.

This episode was recorded earlier in 2022...

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Two critical questions about financial freedom and responsibility

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As the second week of Russia\u2019s invasion of Ukraine begins, questions continue to arise surrounding crypto\u2019s complexities in a wartime environment alongside broader questions about the future of money.

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On this episode of \u201cSpeaking of Bitcoin,\u201d hosts Adam B. Levine, Stephanie Murphy and Jonathan Mohan dive into two critical questions about financial freedom and responsibility.

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The first question surrounds an emerging narrative of sanction evasion. Could bitcoin (BTC) even be an effective tool for a nation-state to use to evade sanctions, given crypto\u2019s relative market size to a nation\u2019s reserves? Even further, how effective are these sanctions at all?

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The second question lies in the distinction between rights versus privileges for financial freedom. Do nation-states or individuals have a right to transact, or is interacting with larger financial systems a privilege that can be revoked by whoever operates the system?\u201d

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