Is it? Is that way there are money-laundering-as-a-service systems out there? Can I do the same thing with cash? What Lagarde is saying is that this stuff need

Is it? Is that way there are money-laundering-as-a-service systems out there? Can I do the same thing with cash? What Lagarde is saying is that this stuff needs to be regulated before too many people lose their shirts. So far these "crypto assets" have demonstrated no value. Many folks are dumping their life savings into these schemes and losing everything. If enough people lose everything houses foreclose, debts go unpaid, inflation goes up. The same thing was done every time the grifters tried it in traditional currencies. Too many people lost their shirts, government stepped in, we changed the rules and added regulation, and people get better protection. The crypto space is speed-running through all of these scams. What they're doing isn't new, it's all been done before.