Renowned economist Nouriel Roubini was skeptical Tuesday about the potential for a cryptocurrency revolution, emphasizing that the state will continue to have control over monetary systems.

Roubini, in a joint Project Syndicate op-ed with economist Brunello Rosa, argued that the future of money and payments will not be characterized by a “radical” cryptocurrency revolution.

“Money is too much a public good and national-security concern to be left to private, anonymous, decentralized actors,” Roubini said. “One way or another, it will remain within the state’s purview.”

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