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Cryptocurrencies remain a gamble best avoided

Better regulation needed to protect investors and deter criminal abuse

| U.S.
An advertisement of Bitcoin in Hong Kong, pictured in November 2021: cryptocurrencies exist in a largely unregulated environment.   © AP

David J. Farber is 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.

The recent meltdown in values for cryptocurrencies and related assets was entirely predictable and overdue. But that does not signal a great opportunity for you, or anyone with an ounce of common sense, to buy into this so-called market now or anytime in the foreseeable future.

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