Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shutdown. Still, he sees the value in digital payments systems and supports electronic use of reputable, government backed currencies like the dollar.
Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shutdown. He worries that they enable illicit activity by making money transactions less transparent.
Still, he sees the value in digital payments systems and supports electronic use of reputable, government backed currencies like the dollar. "I've been a great advocate of moving to an electronic payments mechanism. There are a lot of efficiencies. I think we can actually have a better regulated economy if we had all the data in real time, knowing what people are spending," he says.See more:
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