Money-making associations with cryptocurrencies misrepresent them as just currencies and fail to acknowledge the diverse applications of the technology.
Klaas Knot called the appealing localities with lax restrictions "sunny places for shady people." He was part of the only mainstage panel focused explicitly on crypto at this year’s World Economic Forum.
A paper by researchers at the digital-assets firms says DeFi and blockchain technology could also reduce cross-border remittances costs by $30 billion a year.
Whether it’s jumping between virtual worlds or trading state-backed virtual currencies, common standards for digital economies are still hotly contested in global forums.