Xsampa

[Elena1012]

Cryptocurrency banned in Xsampa; Concerns cited over economic security, environmental harm and foreign speculation.

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March 22nd, 5667
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Cryptocurrency is a... Weird thing to say the least. While no major cryptocurrencies exist in Terra, the possibility of one has always existed. Obviously the lack of a major cryptocurrency existing has made it slow for the law to keep up with it. Today however, PAX unanimously passed (561-3) a bill to formally outlaw and ban all cryptocurrencies, crypto mining, trade and possession of cryptocurrency. The argument has been that besides being a hypothetical threat from capitalism that can easily be a realized threat, it is capable of doing immense environmental harm, disturb and harm the Tsokling System (via disrupting collective redistribution), and security concerns over laundering and foreign manipulation. 

Obviously with the lack of major cryptocurrencies in the world, most Xsampans have simply said neat and shrugged. While foreign tech capitalists may use this as another reason to claim that Xsampa isn't free, it's hard to take them seriously when again, no major cryptocurrency exists. The best solution is to simply laugh and get back to your day. Whatever the case, the banning of crypto will ensure that should the threat ever emerge, socialism in Xsampa is capable of protecting itself against all capitalist threats and our institutions are safeguarded. 

Whatever the case, this is less of a big development for Xsampa and more so just the law catching up to a hypothetical problem in the future and preparing for it. But any news is better than no news, right Comrades?

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In Other News;

SLP enjoys moderate approval ratings; Not sky high, but not low either.

Third Centennial looks as 5673 comes closer; Nearly 300 years of socialism and unification!

PAX hears Sub-Committee of Tourism's request to lift the travel ban on Amudin; Could the former territory of Beitenyu be allowed to have the travel ban lifted?
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Glory to the Xsampan Revolution! Glory to the Xsampan Proletariat!

The People's Committee for Information is a worker owned, news source in Xsampa, dedicated to spreading the words of the revolution. Ensuring that Xsampans hear news, both foreign and domestic from a strongly socialist lens, the PCI ensures a strong, stable, socialist society for Xsampa.

གྲལ་རིམ་ལ་གཟི་བརྗིད་ཤོག

Gloire à la Révolution ! Gloire au prolétariat !