The Cryptocurrency World Faces a Fateful Choice, Writes Adam Samson ’09

Cryptocurrency’s libertarian vision of operating outside the mainstream is giving way to the need to comply with regulators, writes Bard alumnus Adam Samson ’09, the markets news editor at the Financial Times. “One of the main draws for hardcore advocates of digital assets is that many theoretically sit outside the reach of government and monetary authorities that oversee activities in conventional markets,” Samson writes. “While the dream of a decentralised financial system is still alive and well in the crypto community, what has actually developed is an industry full of very large financial companies.”

Post Date: 07-15-2021