Cryptocurrency has the potential to improve citizen welfare and encourage local investment, according to a new academic report. The study led by professors from New York University asks the question: “How do private digital currencies affect government policy?" And the conclusion — reached with the help of econometrics and a body of existing research — is that cryptocurrencies like Bitcoin can have a positive impact on the broader economy by restraining monetary policy and creating a more optimal allocation of resources. But not every cryptocurrency is equal. The report builds on classifications from the SEC's ... (full story)