Heritage Foundation researcher: cryptocurrencies are indeed used unreasonably, but cannot be banned

Heritage Foundation senior researcher Stephen Moore said today that encryption technology will provide a government currency alternative. They are tools to hedge inflation and enable faster, lower-cost transactions through the blockchain than with government currency. It is certainly reasonable to claim that these currencies can be used by drug dealers, money launderers and tax evaders, but (and therefore cryptocurrencies) is like saying that cars should also be banned because they are used as a tool for criminals to escape.