News broke of Venezuela exploring whether they could use bitcoin and ether as reserve assets, prompting questions about what the potential impact of widescale adoption of bitcoin as a tool to evade sanctions might be. Libra continues to spur central banks to action. This week, the project saw some support from the UN while the ECB called it a 'wake up call' for governments. Finally, we look at the second week of Fed injections into the overnight repo markets and what it means for bitcoin.
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The Breakdown