Coordinated cross-border policies are needed to ensure that cryptocurrencies don’t do more harm than good in developing countries. Unless both the public and private sectors embrace critical reforms, people and governments will increasingly be attracted by low-cost, high-risk, and murky alternatives to traditional banking.
questions the wisdom of El Salvador’s recent decision to adopt the cryptocurrency as legal tender.
The United Kingdom’s vote in a referendum on June 23, 2016,to leave the European Union delivered a sharp populist shock to the political establishment there and throughout the West. Five years on, the consequences of that decision, for both the UK and EU, are coming more sharply into focus.