‘Principle of neutrality…’: Top U.S economist on how govts must regulate Crypto

Leading American economist Lawrence H Summers, who was also the former US Secretary of Treasury, on Wednesday said that government policy on cryptocurrencies must be neutral and not opposed to the emerging new form of innovation and technology. “Cryptocurrencies should be tested in the market on a level playing field,” said Summers, while speaking to Mint editor Sruthijith KK on Day 2 of the Hindustan Times Leadership Summit (HTLS). Summers, who used to be the director of the White House National Economic Council from 2009 to 2010, said that cryptocurrencies are the “new means” of transaction. “There is no reason why it would be easier to launder money with cryptocurrency than with case,” he said. “There is also no reason why the blockchain should be opposed rather than more traditional payment routes.” Watch the full video for more details.