Day 1,647: crack down, despotic,

Regulators are cracking down.

People in despotic countries already use bitcoin and stablecoins (tokens pegged to a hard currency, like the dollar) to store savings and sometimes to make payments.

Why bitcoin is up by almost 150% this year

Artwork of the day 
C Flight Machine Cracked on Hangar B
Frank Johnston
Date: 1918
Style: Art Nouveau (Modern)
Genre: genre painting

Word of the day 
crack down: to start dealing with bad or illegal behaviour in a more severe way: to take strong action to stop something:
despotic: having unlimited power over other people, and often using it unfairly and cruelly:

Quote of the day
“There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.”

― Ayn Rand