This article reminds me about another published by The Harvard Gazette, Government can't keep up with the technology. The article argues that big techs are keeping larger and larger for government to keep up with the pace. In case of ransomeware, government and the Supreme Court are trying to keep up but in my opinion, it will be long before government and bureaucracy could address the problem. Same happened in case of Bitcoin. Sure now everyone wants regulations around Cryptocurrency but it seems governments are investing in lost causes of catching up with these growing uncertainties.
I don't mean that government shouldn't be engaging in these talks and try to regulate these markets, my only concern is the pace of these two entities. Instead of using the same old frameworks of regulations and same old mentalities, unorthodox approaches can better address these issues.
I don't mean that government shouldn't be engaging in these talks and try to regulate these markets, my only concern is the pace of these two entities. Instead of using the same old frameworks of regulations and same old mentalities, unorthodox approaches can better address these issues.
P.S Link to The Harvard Gazette article: https://news.harvard.edu/gazette/story/2019/02/government-ca...