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 don't know his reasons why he want to shut down the cryptocurrency after a couple of years that it become famous,useful and profitable. I alsi think that nobody can stop crypto as long as there are still a lot of demand and users. Cryptocurrency can be use for online payments and i think there is no reason to eliminate it. It will not harm us or even the fiat money. Crypto currency could be an alternative for fiat currency but it will not replace it.