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.htmlI wonder how much he got paid for these biased statements? Maybe by the bank owners? But all I can say, transparency exists in bitcoin's blockchain but when we talk about fiat, it can easily be untraced by passing it to people and hiding it in many objects. I've seen many movies where fiat is easy to move by money launderers using a very clever style of transport.