Whatever Else Is Claimed About It, Crypto Is Not A Currency - Richard Murphy

11th August 2024

Cryptocurrencies are nothing of that sort because almost none are ever used to facilitate trade - for which they are wholly unsuited because of their uncertain values.

They might just be highly volatile assets. But they might best be seen as mechanisms to undermine the state.

ABOUT RICHARD MURPHY
Richard Murphy is Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best known book is ‘The Joy of Tax'.