As the U.S. government takes big steps to usher cryptocurrency into mainstream finance, one of the world’s biggest crypto exchanges is urging the Canadian government to match and exceed those efforts, even as concerns mount.
That’s whom cryptocurrency confidence games is currently serving, though. It vacuums off bad investors far more than bad markets ever could have, and leaves society to deal with the mess. Stablecoins is just another way to pass off the sort of bad debt that has led to bank rescues of the past and the fall of Lehman Brothers. You say you are tying it to currency, and then begin tying it off to bad debt obligations.
That’s whom cryptocurrency confidence games is currently serving, though. It vacuums off bad investors far more than bad markets ever could have, and leaves society to deal with the mess. Stablecoins is just another way to pass off the sort of bad debt that has led to bank rescues of the past and the fall of Lehman Brothers. You say you are tying it to currency, and then begin tying it off to bad debt obligations.