Blockchain reaction: The high cost of unregulated crypto
In our sixth episode of The Weekly Tradecast, we’re talking about cryptocurrencies with economist Marina Zucker of UNCTAD’s debt and development finance branch.
After some incredible gains over two years, the prices of Bitcoin and other cryptocurrencies have been plunging in recent months. More turbulence is likely. Some people have made a lot of money from crypto but many have not been so lucky with the volatile and unregulated digital asset. Scams, collapsing funds, stolen credentials and forgotten passwords have cost investors millions. Are cryptocurrencies here to stay? Is it time for governments to regulate them? Tune in to hear Marina spell out the risks and share her ideas about solutions. Downloads:
- All that glitters is not gold: The high cost of leaving cryptocurrencies unregulated
- Public payment systems in the digital era: Responding to the financial stability and security-related risks of cryptocurrencies
- The cost of doing too little too late: How cryptocurrencies can undermine domestic resource mobilization in developing countries
Marina Zucker of UNCTAD