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Actor Ben McKenzie criticizes crypto industry
Bloomberg Tech·
Actor and filmmaker Ben McKenzie has voiced strong criticism of the cryptocurrency industry in his new documentary, 'Everyone is Lying to You For Money.' McKenzie argues that crypto primarily functions on speculation, actively avoids regulatory oversight, and facilitates widespread criminal activities. He warns that as digital assets become more integrated into the global financial system, the inherent risks could destabilize the broader economy, potentially triggering a crisis reminiscent of the 2008 financial meltdown that cryptocurrency proponents claimed to offer an alternative to.
Tags
crypto
regulation
legal
Original Source
Bloomberg Tech — bloomberg.com