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Regulatory clarity, systemic edition
I had a chat recently with someone whose job involves worrying about systemic risks to the world economy. It’s horrible when investors get ripped off, and it must be stopped — but it’s even worse if crypto breaks the whole system.
I thought the main threats from crypto were:
Global stablecoins, i.e. a Libra-like private currency — if they were issued by someone less stupid about it than Facebook were.
Crypto gets its tendrils into something systemic — e.g., pension funds, which it’s been trying really hard to get into.
Another retail...
Read Full Story:
https://davidgerard.co.uk/blockchain/2022/10/18/news-us-treasury-on-the-threa...
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