Pope John XXII issued a strict papal bull banning alchemy strictly because too many wizards were counterfeiting coins
The Catholic Church didn't outlaw alchemy in 1317 because they thought it was demonic; they banned it because it was ruining the economy. Alchemists figured out how to make cheap metals look exactly like gold and silver, sparking widespread medieval fraud. The Pope's papal bull wasn't a spiritual crusade; it was basically early anti-cryptocurrency legislation.

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