Cryptocurrency, Global Finance, and Digital Gucci Bags

From the recent announcement of China banning all crypto-related activities to El Salvador legalizing Bitcoin as its currency, cryptocurrency has been making headlines. The rapid growth of crypto has caused countries to reevaluate their approach to adopting digital currencies. Some have welcomed the push towards crypto while others are wary about its overall effect on the global financial system.  

This week, New York Times reporter Ephrat Livni joins Doug to unpack cryptocurrency and what this means for the global financial system.

1. Ephrat Livni and Amy Qin. (September 24, 2021). China Cracks Down Harder on Cryptocurrency With New Ban. The New York Times.
2. Ephrat Livni and Oscar Lopez. (September 7, 2021). El Salvador’s Adoption of Bitcoin Is Off to a Rocky Start. The New York Times.