Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

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In the wake the FTX collapse, calls to regulate crypto have increased among U.S. lawmakers. But doing so would confer legitimacy to the crypto industry, a prominent economist argued this week, and that in turn could lead to more widespread economic damage. Stephen Cecchetti, an economist and…

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