Former chairwoman of FDIC about cryptocurrencies

in #money7 years ago


Former chairwoman of Federal Deposit Insurance Corporation said in an interview for Barron's what she thinks about regulations in crypto.
“Don’t put any money into bitcoin that you can’t afford to lose. But I don’t think we should ban it—the green bills in your pocket don’t have an intrinsic value, either. The value is based on what others think is its value. That’s true of any currency. Regulation should be focused on good disclosure, education, warding off fraud, and making sure it is not used for illicit activities. Let the market figure out what it’s worth. That is what it is doing now.”
What do you think about it? If you are interested you can read full interview on Barron's website.

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