Digiconomist is not a reliable source. It is an exaggerated personal blog run by an employee of the Dutch Central Bank, which just happens to be testing a Euro CBDC to compete against open payment rails. The author is heavily biased. Digiconomist is not peer reviewed research and nearly lucky block cryptocurrency all of the author8217;s published works are published as 8220;commentary.8221; One might as well cite TikTok. Many governments have taken a hands-off approach to crypto, but its rapid ascent and evolution, coupled with the rise of DeFi, has forced regulators to begin crafting rules for the emerging sector. Regulations vary widely around the world, with some governments embracing cryptocurrencies and others banning them outright. The challenge for regulators, experts say, is to develop rules that limit traditional financial risks without stifling innovation.