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Hilary Allen on the Superficial Allure of Crypto

IMF Podcasts

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Is There a Need to Regulate Cryptocurrencies?

There are definitely efforts to regulate cryptocurrency coming in. The crypto industry is lobbying very heavily for certain kinds of regulation. I wouldn't say the crypto industry is against regulation. They're trying to craft regulation that works for them. But it also is incumbent upon people who understand this stuff, who don't have a vested interest in or financial interest in the industry to push back where the industry is trying to craft regulatory proposals that aren't a good place.

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