Nobel prize-winning economist wants to ban cryptocurrencies

The economist Joseph Stiglitz assures that the countries of the world must "prohibit" digital assets in their jurisdictions

The winner of the Nobel Prize in Economics Joseph Stiglitz sees it as necessary to prohibit cryptocurrencies within the jurisdictions of countries around the world.

The economist “has demonstrated with incredible astuteness the zero knowledge of the concept of networks of equals“. He considers that the world “should abandon cryptocurrencies“.

“I have been a great advocate for humanity to migrate to electronic payment mechanisms. There are many efficiencies in that thinking. I consider we can have a better regulated economy if we had all the data in real time, knowing what people are spending,” says the Nobel prize-winner.

The most controversial points are the lack of privacy and the potential for better surveillance for followers of digital assets and blockchain technology.

Stiglitz is part of the list of the three winners of the 2001 Nobel  in Economics. Michael Spence, George Akerlof and him won the prize “for their analysis of markets with asymmetric information.”

K. Tovar


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