Nouriel Roubini: GlobalCoin Is Not A Cryptocurrency

Crypto’s most prominent skeptic and respected economist Nouriel Roubini has claimed that Facebook’s GlobalCoin is not a cryptocurrency and has very little to do with the blockchain. The claims were made earlier today in a conversation with a leading crypto media outlet.

Roubini, also known as “Dr. Doom” is renown for his prediction of the 2007-2008 financial crash that may have facilitated the birth of cryptocurrencies.

He noted:

“It has nothing to do with blockchain. Fully private, controlled, centralized, verified, and authorized by a small number of permissioned nodes. So what is crypto or blockchain about it? None.”