Contrary to the early view that cryptocurrencies’ decentralisation makes them unregulable, the formation of new intermediaries will guarantee regulators’ ultimate power. The key challenge is how to balance control and innovation.
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Cryptocurrencies have now become commonplace in the online world. Although most of the media attention is focused on decentralised payment systems, the true revolution is happening at a much deeper level, argue Primavera de Filippi and Raffaele Mauro.