Paul Krugman writes about why banks do not want anything to do with Crypto: " ... the real reason banks don't want to be financially connected to crypto is that they believe, with good reason, that to the extent that cryptocurrencies are used for anything besides speculation, much of that activity is criminal -- and they don't want to be accused of acting as accessories."

Crime, and especially money laundering, is big business and $100 bills are too bulky; crypto is the answer paulkrugman.substack.com/p/crypto-is- ...

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-- Paul Krugman (@pkrugman.bsky.social) December 16, 2024 at 10:37 AM