Former Chairman of the Federal Deposit Insurance Corporation: Digital Currency Should Not Be Banned

[Former Chairman of the US Federal Deposit Insurance Corporation: Digital currency should not be banned] Sheila Bair, former chairman of the US Federal Deposit Insurance Corporation (FDIC), said in a recent interview that "although Bitcoin Like other digital currencies, digital currencies lack inherent intrinsic value, but neither do legal currencies such as the US dollar. Digital currencies should not be banned. The market itself is best suited to determine the value of something, so let the market decide the price. Of course, this does not mean that regulators should let go completely. The government should promote good information disclosure and investor education in the digital currency market, eliminate fraud prevention, and ensure that they are not used for illegal actions. (Coindesk)

Editor-in-charge: Zhang Wei