{"id":7178,"date":"2022-09-21T09:03:14","date_gmt":"2022-09-21T09:03:14","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=7178"},"modified":"2022-11-10T12:47:35","modified_gmt":"2022-11-10T12:47:35","slug":"the-worrying-politics-of-cryptocurrency","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2022\/09\/21\/the-worrying-politics-of-cryptocurrency\/","title":{"rendered":"The worrying politics of cryptocurrency"},"content":{"rendered":"

Cryptocurrency billionaires are gaining a political foothold in countries rich and poor.<\/p>\n

Their influence now extends into governments, legislatures, charities and educational establishments around the world.<\/p>\n

In the US, cryptocurrency businesses\u2019 lobbying power now exceeds that of the big tech, pharma and defence sectors<\/a>, traditionally among the biggest contributors to politicians and their parties.<\/p>\n

And crypto promoters are finding a ready audience in some of the world\u2019s most deprived and war-torn countries, often those with sizeable natural resources.<\/p>\n

Despite the recent failure by El Salvador to achieve the domestic adoption of bitcoin, the leaders of several African countries are now following suit, pushing their own cryptocurrency projects.<\/p>\n

In the latest New Money Review<\/em> podcast<\/a>, Pete Howson, assistant professor in international development at the UK\u2019s University of Northumbria, talks about the worrying shift towards a global political system influenced by a very undemocratic creation\u2014cryptocurrency.<\/p>\n

\"\"<\/p>\n

Pete Howson<\/em><\/p>\n

In the 30-minute podcast<\/a> we cover:<\/p>\n