- Professor of Applied Economics says Bitcoin will empower corruption.
- In a tweet, he draws a correlation between Bitcoin and its use for illicit activities.
- He says countries with high corruption rates have decided to legalize Bitcoin.
Economist claims that countries who are legalizing Bitcoin as a tender in its nation could be doing so to partake in corruption. He implies that since BTC has been used for illicit activity, it is not a far-off conclusion to draw.
In detail, the economist is Steve Hanke, a Professor of Applied Economics at Johns Hopkins University. The Professor took to Twitter to state his observation on the matter.
#EconWatch: As #ElSalvador adoptsThis article was first published on coinquora.com