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Joseph Stiglitz, a Nobel economist, said cryptocurrencies should be closed. He fears that they will only allow illicit activities by making financial transactions less transparent.
Nevertheless, he sees the value of digital payment systems and supports the electronic use of government-managed currencies, such as the dollar.
"I've been a strong advocate of adopting an electronic payment mechanism." There is a lot of efficiency. </ P> <p> I think we can actually have a better regulated economy if we had all the data in real time, knowing what people are spending "he says.
Watch the video above to learn more about Joseph Stiglitz on digital payments and cryptocurrencies.
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