No, Bank of England, Crypto is Not the Same as Subprime Mortgage Debt
The Breakdown
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Introduction
There are reasons to think that the inherent transparency of distributed public ledgers will be, or at least could be, a force for increasing, rather than decreasing, institutional transparency. In short, don't blame our digital assets for your institutions messed up behaviors. If you want to point the regulatory lens anywhere, it should be around these issues of institutional transparency and system wide leverage.
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Transcript
