Regulating cryptocurrencies a bad idea, say economists

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PETALING JAYA: Two economists have backed Putrajaya’s decision to refrain from regulating cryptocurrencies, with one saying it would be an onerous undertaking and the other welcoming the challenge to a government monopoly.

Geoffrey Williams of the Malaysia University of Science and Technology said regulators would find themselves constantly chasing errant traders since cryptocurrencies were private assets generated in unregulated global markets.

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