• Tue. Feb 27th, 2024

A crypto truce emerges between fraud and revolution: Aaron Brown

A crypto truce emerges between fraud and revolution: Aaron Brown

I see a growing middle-of-the-road regulatory consensus on cryptocurrencies. Crypto is a Ponzi scheme to defraud investors and empower criminals, on the one hand, it splits the difference between “crypto will solve ancient economic problems and usher in an era of prosperity and freedom.” It envisions a future where domestic crypto plays well within the traditional financial regulatory system.

Last week, four senior International Monetary Fund executives published an outline for international regulation of crypto on the IMF blog that does a good job of summarizing this view. It proposes four principles for crypto regulation: …

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