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Crypto meltdown highlights need for urgent regulatory intervention

Opaque industry is an invitation to sleazy operators to do their worst

| U.S.
What real value do vaporous cryptocurrencies have beyond vague promises?   © Reuters

David J. Farber is a distinguished professor and co-director of the Cyber Civilization Research Center at Keio University in Tokyo. Dan Gillmor, professor of practice at Arizona State University, is a senior fellow at Keio's Cyber Civilization Research Center.

You have to feel a twinge of sympathy for the people who "invested" their savings in cryptocurrencies during the past few months and who subsequently lost most or all of their money when the cryptocurrency marketplace collapsed during the past several weeks.

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