‘Sovereign’ cryptocurrencies serve governments, not people

CARACAS, VENEZUELA-MAY 17, 2018: Petro sign is seen at Universidad Popular y Productiva building in city downtown. Petro, cryptocurrency developed by the government of Venezuela, was released in 2018

GUEST: Blockchain-based cryptocurrencies promise to enable economic, political and social freedom, if implemented properly. But the emergence of “sovereign” cryptocurrencies — backed by governments — contradicts everything that blockchain stands for and hoped to fix. Iran has now decided to develop its own national digital currency in r…Read More