Nobel laureate in economics: cryptocurrency should be shut down

According to CNBC, American economist and Nobel laureate Joseph Stiglitz reiterated his negative stance on cryptocurrency. He said: "I think we should shut down the cryptocurrency." Because of the lack of transparency, cryptocurrency is not the right way to create a more efficient global economy. Stiglitz emphasizes that cryptocurrencies are accompanied by illegal financial activities such as money laundering, transferring funds from “a transparent platform to an underground platform” and claiming that the currency does not have any attributes of good currency, and that the dollar has all of these attributes.