Foreign governments are reportedly skirting international sanctions through the use of cryptocurrency. Axios' reporter Shannon Vavra explains the dangers of this digital currency, and challenges facing regulators.
"The fact that sanctions, regimes, and regulations right now aren't keeping up with the innovation in cryptocurrency is something that leaders around the world are bound to be watching right now," says Vavra.
Cryptocurrencies are able to mask illicit activities because they function across borders, are pseudo-anonymous, and can provide plausible deniability. Challenges facing regulators include the pace of cryptocurrency innovation, and risk in over-regulating and hampering innovation.
Gavin Jackson, CEO of UK-based autonomous vehicle company Oxbotica, joined Cheddar News to talk about the firm's software for businesses and its future plans.
Connecticut’s first adult-use cannabis dispensaries opened to the public on Tuesday, making the Constitution State the latest along the east coast to open access to cannabis to adults 21 and older.
