By Maike Eikelmann
APTN National News
A new form of virtual currency that a Native American tribe is reportedly going to use instead of the Greenback could also provide a form of sovereignty to First Nations in Canada if they decided to go the same route according to a university professor.
APTN National News
A new form of virtual currency that a Native American tribe is reportedly going to use instead of the Greenback could also provide a form of sovereignty to First Nations in Canada if they decided to go the same route according to a university professor.
The money is called MazaCoin, a variation of a bitcoin, and the Oglala Lakota Nation in the United States is reportedly considering adopting it as its official currency.
The same could be done in Canada according to a Wilfrid Laurier University professor in Waterloo, Ont.
“From an Indigenous perspective, it could be a powerful tool for exercising Indigenous sovereignty while generating a new type of economic development,” said Dr. Christopher Alcantara, an associate professor and expert in the field of Indigenous-settler relations and politics. “Any time you can free yourself from the oversight of the Canadian or the American state will usually lead to more liberty on the reserve.”
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