Cryptocurrencies and the passion for secrecy
Valérian, François
Cryptocurrencies and the passion for secrecy - 2023.
21
Cryptocurrencies have developed over the past 15 years, benefiting from a passion for secrecy and a desire to abolish government control. This has created vast opportunities for the financial crimes that opacity allows, among which money laundering. More government is needed, more of a state whose financial regulation serves the needs of citizens, not the “less government” claimed by the first promoters of cryptocurrencies. More government, and more global regulation, since the financial world is global whereas the political world is fragmented.
Cryptocurrencies and the passion for secrecy - 2023.
21
Cryptocurrencies have developed over the past 15 years, benefiting from a passion for secrecy and a desire to abolish government control. This has created vast opportunities for the financial crimes that opacity allows, among which money laundering. More government is needed, more of a state whose financial regulation serves the needs of citizens, not the “less government” claimed by the first promoters of cryptocurrencies. More government, and more global regulation, since the financial world is global whereas the political world is fragmented.
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