Regulation

Joseph Stiglitz, the former chief economist of the World Bank and Nobel laureate, has predicted that cryptocurrencies will be “regulated into oblivion” in future, with Mr. Stiglitz saying that BTC may be “worth just $100 in 10 years.”
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Nobel Laureate Predicts Future Regulatory Onslaught Targeting Crypto
In a recent interview with Financial News, Mr. Stiglitz predicted that bitcoin and alternative cryptocurrencies will become the subject of a major regulatory crackdown in future.
“You cannot have a means of payment that is based on secrecy when you’re trying to create a transparent banking system,” the Nobel Laureate said.
“People in power will move to regulate anonymous transactions.
That you can be sure of.”
Stiglitz Persistently Calls for BTC to Be Banned
Mr. Stiglitz’ comments are of a similar vein to those made by the professor regarding cryptocurrency in recent years.
In September, 2016, Mr. Stiglitz stated that “The main use of Bitcoin has been to circumvent tax authorities and regulation.

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