E63 S2 – USA Bans Open Source Software?!?

USA Bans Open Source Software?!?

Criticism is growing over the modern economic system, with lots of fingers being pointed at the FED, the ECB and the BOE. But what happens whenever a government trying to protect the country’s economy ends up potentially banning all open source software?

USA CPI Announcement

The US Bureau of Labour of Statistics released CPI data for this month, showing no changes to the total “All item” index. The market has already reacted to the announcement, but will the rise stay for long?

US Treasury Sanctions Currency Mixer “Tornado Cash”, Instead Puts Ban on Open-Source Tech

On Monday, the Office of Foreign Assets Control (OFAC) sanctioned virtual currency mixer Tornado Cash which they have accused of being used to launder more than $7 billion worth of virtual currency. In doing so, OFAC has created a shift in its policy, while also making a move which could potentially impact civil and human rights in the country

The Bank of England Interest Rate Rise

Last week, The Bank of England’s nine-member policy committee voted 8-1 to raise interest rates by 0.5 percentage points to 1.75 per cent, the biggest increase in 27 years. This was most likely influenced by the FED and ECB taking similarly aggressive steps in interest rate rises, with the latter even injecting billions of euros into highly indebted eurozone countries like Greece, Italy and Spain to keep them afloat.

What we cover in this episode:

  • Market Recap
  • US Treasury CPI announcement
  • OFAC puts Tornado Cash on SDN list
  • Bank of England raises interest rates

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