Nobel laureate in economics Joseph Stiglitz advocated this Friday for banning cryptocurrencies with the argument that they facilitate large-scale black money laundering.
“Closure them,” the American economist told the German weekly “Der Spiegel” in relation to digital currencies such as bitcoin, noting that the ban could be introduced at the point in the chain where the cryptocurrencies They are changed to normal money.
For years, institutions have been striving to make financial markets more transparent, he argued.
The fact that the cryptocurrencies be digital does not make this requirement any less essential, Stigliz added.
“Right now there are two big holes that we have to close, the cryptocurrencies and real estate,” said the Nobel laureate in Economics in reference to the fight against money laundering in the United States, a country that continues to be a center for money laundering.
He partially attributed responsibility for the problems in the real estate field to former President Donald Trump, whom he claimed “was known as a launderer and got rich that way.”
