If I were to print my own “money” and sell it door-to-door I would be locked up. Those engaged in the same activity online get away with it.
Gillian Tett (“Stablecoin investors need a wake-up call”, Opinion, October 15) suggests that a gentle “wake-up call” from the regulator is needed, in the form of increased scrutiny. The problem is that “regulating” insanity means ownership. “China shop rules” then come into play. When things break, blame passes through the regulator to the taxpayer. China has banned crypto. That’s regulation!
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