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.htmlFortunately there is no way to shut down the cryptpcurrency. He worry about bitcoin, it is mean that bitcoin can be something big that can change the world. Many people life changed to be better because of bitcoin, so it can't be a problem in the future. I think more people will agree that bitcoin is better than fiat so there will be less people who want to shut down bitcoin.
I don't think so, when a person can make technology products like crypto, another person can still shut down crypto but the problem is that this event is not conducive to countries because as we know, a lot of people join this market, shut down just doing huge damage, affecting the economy of the country. While if this market continues to maintain, many people will gain income and good economy for the future then contribute tax to the country, so useful, why shut down cryptocurrency when this is not good