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Eliminating Shadow Economy: Why Is Blockchain Unprofitable for Bureaucrats?

Eliminating Shadow Economy: Why Is Blockchain Unprofitable for Bureaucrats?

Private money emerged a long time ago and was quite a common thing. But despite this, a monopoly on the emission of such money was established only in the 19th century. At the time when only metal coins were used, private money posed no threat to state economy, served as banknotes and was legal.







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