‘Calexit’ is now a crypto-friendly independence initiative.
A Brexit-inspired plan wants to make California its own nation, separate from the USA. The people behind the plan are now looking to establish cryptocurrencies as the financial backbone of the proposed nation.
The movement is called “Yes California,” though it is more commonly known as the “Calexit movement.” The group recently appointed a Blockchain expert named Alastair Caithness to analyze how an economy based on digital assets like Bitcoin (BTC) could be used to guarantee a Universal Basic Income, or UBI, for citizens.
Caithness praised the idea of a future crypto-based economy, which he believes could “finance a level of free healthcare, free education, and a form of basic income” at a scale that has never before been seen. He went on to say that Californians “have struggled to achieve economic liberty” under the financial system established by the US federal government.
Scottish-national Caithness, who is residing in San Diego, also stated that people investing in land and property through crypto transactions could help boost the proposed implementation of Universal Basic Income.
Marcus Ruiz Evans, Yes California’s president, is advocating for these independence measures as well. He claims that California is the “world’s fifth-largest economy,” and praised Caithness’ advice in adopting crypto, stating “people need assistance, especially right now, and the government is struggling to come up with somebody.”
He continued:
“It is also good to have a Scotsman now living in California involved in our project, as the model for a Sovereign California has been developed from the Scottish Independence Referendum.”
According to Yes California, the state government has agreed to hold a public petition into “Calexit” this year. They claim that a possible formal voting process could take place by 2024.
California’s Senate Banking and Financial Institutions Committee recently passed a bill seeking to define digital assets and measure their impact on state and consumer protections.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.