Cryptocurrency may be evolving into a shadow banking system
Determinants of moneyness in the credit theory of money. Credit: Review of International Political Economy (2025). DOI: 10.1080/09692290.2025.2476738 A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that the global cryptocurrency system has been undergoing significant transformations. The crypto system, which was originally intended as an alternative