How Do Private Digital Currencies Affect Government Policy?
---- Acknowledgments ----
We thank Franz Hinzen, Gur Huberman, Gloria Yu and conference participants at the ABFER/ NUS/ MAS Workshop on Digital Currency Economics for comments. Part of this paper was written while David Yermack was a visiting professor at Erasmus University Rotterdam. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.