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World renowned economist, Jeffrey Tucker, has said that it is best if Governments and Central banks stay away from cryptocurrencies and give up on creating ‘national cryptocurrencies’.Tucker expressed his opinions on state-backed cryptocurrencies in an editorial published in American Institute for Economic Research (AEIR). He said that very purpose of cryptocurrencies, i.e. decentralization, will be in jeopardy if a cryptocurrency is governed by a state. Instead, he feels that governments should put in more efforts in improving the system of fiat currencies and the banking system.

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