The great crypto heist

Nouriel Roubini | Roubini Macro Associates| 22 July 2019

There is a good reason why every civilised country in the world tightly regulates its financial system. After all, the 2008 global financial crisis was largely the result of rolling back financial regulation. Crooks, criminals, and grifters are a fact of life and no financial system can serve its proper purpose unless investors are protected from them.

As a result, there are regulations requiring that: securities be registered; money-servi...