Brexit in the US: Californian exit plan will use cryptocurrency to give everyone an income

Brexit in the US: Californian exit plan will use cryptocurrency to give everyone an income

The Brexit-inspired plan, called Calexit, is being pushed by campaign group Yes California. The group recently appointed British cryptocurrency expert Alastair Caithness to oversee how crypotcurrency could be used to provide free healthcare and a form of Universal Basic Income for the citizens of an independent California.

Yes California say the government of California has agreed to hold a public petition into Calexit this year, with a possible vote taking place by 2024.

Mr Caithness said of the group’s cryptocurrency plan: “The policy will involve developing a blockchain-backed cryptocurrency, which democratizes ownership of the California Government’s land, resources and assets through […]

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