The Nobel Prize in Economics Joseph Stiglitz advocated banning cryptocurrencies on the grounds that they facilitate large-scale black money laundering.
“Closure them”said the American economist in statements to the German weekly “Der Spiegel” in relation to digital currencies such as bitcoin and noted that the ban could be introduced at the point in the chain where cryptocurrencies are exchanged for regular money.
For years, institutions have been striving to make financial markets more transparent, he argued.
The fact that cryptocurrencies are digital does not make this requirement no longer essential.Stigliz added.
“Right now there are two big holes that we have to close, cryptocurrencies and real estate,” said the Nobel Prize in Economics in reference to the fight against money laundering in the United States, a country that continues to be a center of money laundering.
He partially attributed the responsibility for the problems in the real estate field to the former president donald trumpof which he stated that “he was known as a whitewasher and got rich that way.”