Editorial Board
Crypto Is Failing as Money. Regulators Can Save It.
It might not replace fiat currencies — but, correctly supervised, it could make them a lot more useful.
Pay up.
Photographer: Angel Garcia/BloombergCryptocurrency has so far failed to sweep away government-issued money, or to bring about the broader revolution that its most ardent enthusiasts envision. But what if the underlying technology could be harnessed to transform traditional fiat currencies — for example, by making them much easier and cheaper for more people around the world to use?
This goal might be attainable — with help from the governments that crypto was meant to sideline.