US Threatens to Shut Down Iraq’s Bank Account, World Needs Censorship-Resistant Bitcoin

US Threatens to Shut Down Iraq’s Bank Account, World Needs Censorship-Resistant Bitcoin

Gate Trade News Monday, January 13, 2020 28 0

Iraqi officials told US government is threatening to cut off access to its central bank account held at the Federal Reserve Bank of New York. Such a move could further destabilize Iraq’s economy. Gabor Gurbacs, digital asset strategist at New York-based investment management firm VanEck, argued that, the weaponization of fiat currencies, central banks will continue during conflicts and everyday life. It’s only matter of time people will start adopting independent, apolitical, non-sovereign currency and payment railways, such as Bitcoin.