Joseph Stiglitz, Nobel Prize winner in economics and a professor at Columbia University, proposed a total ban on cryptocurrency during his interview with CNBC.
Stiglitz is concerned that cryptocurrencies are used in criminal activity and operations with them are opaque.
At the same time, the Nobel laureate favored the development of digital payment systems for national currencies.
We should shut down down the fiat currencies.... and they actually can be. https://t.co/i7k1IEYSY0
— Erik Voorhees (@ErikVoorhees) May 6, 2019
Stiglitz's statement was commented by the CEO and founder of the ShapeShift exchange platform, Eric Vorges, proposing to ban Fiat.
Earlier Stiglitz had already criticized Bitcoin, which, in his words, “is trying to solve a non-existent problem,” and the regulation of cryptocurrencies should destroy them.