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Pope sends harsh warning to crypto investors
Pope Leo XIV has used his first encyclical to deliver a stinging critique of modern finance, and cryptocurrencies are squarely in his line of fire. Released on 15 May 2026, the document positions crypto-driven financial innovation as part of a wider system that risks producing abuses, injustice and economic crisis. Magnifica Humanitas, meaning "Magnificent Humanity," is the inaugural encyclical letter of Pope Leo XIV. Its full title is "On Safeguarding the Human Person in the Time of Artificial Intelligence," and while the headline subject is AI, the document is sweeping in scope. Across 245 numbered paragraphs, ... (full story)
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