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Definition: crypto war


(1) (CRYPTOcurrency War) An adversarial relationship between the world of decentralized finance (DeFi) and governments worldwide. The inherent privacy of crypto transactions is the issue. See crypto glossary.

(2) (CRYPTOgraphic War) An adversarial relationship between technology companies and governments worldwide. Authoritarian countries have been troubled by the easy availability of strong encryption. The first crypto war in the 1990s dealt with email and text communications. In the 2010s, the second clash involved whether governments could unlock the data in a smartphone of a criminal or suspected felon. See encryption, encryption backdoor, privacy and crypto rage.