Joseph Stiglitz, a Nobel-Prize winning economist, says cryptocurrencies should be shut down. 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 government-backed currencies like the dollar.
Ive 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.
https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.htmlThen he should also call for shut down of everything because anything could be used for illicit activity.
Cash is being used for it for a long time now ,Guns should also be shutdown since it is used for killing people,
Cars should also be included because it is used by criminals to escape.
So basically everything should be shutdown because they could be used for illicit activity.