Trinidad and Tobago Plans Cryptocurrency Ban Until 2027 Amid Regulatory Concerns
Trinidad and Tobago Plans Cryptocurrency Ban Until 2027 Amid Regulatory Concerns

Trinidad and Tobago Plans Cryptocurrency Ban Until 2027 Amid Regulatory Concerns

News summary

Bitcoin's valuation prospects have been analyzed as ranging from a plausible $500K per coin if it replaces gold as "digital gold," up to an implausible $1 billion per coin, which would require a market cap far exceeding global wealth and is considered science fiction. Its potential extends beyond investment, with proponents arguing that Bitcoin could limit government-funded wars by preventing the unchecked printing of fiat money, thus exposing the true cost of conflict to citizens. Meanwhile, significant financial maneuvers are unfolding in the crypto space, exemplified by Wall Street's "Princeton Mafia"—a tight network of influential investors like Mike Novogratz, Dan Morehead, and Joe Lubin—who dominate billion-dollar digital asset treasury deals. On the regulatory front, Trinidad and Tobago is moving to ban cryptocurrency use in business until at least 2027, reflecting growing governmental caution despite earlier regional studies highlighting both the opportunities and risks of virtual assets. These developments illustrate a complex landscape where Bitcoin's transformative potential is tempered by economic realities, geopolitical considerations, financial power consolidation, and regulatory challenges.

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Last Updated
22 days ago
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