Hell for Tether: a cryptocurrency crimped

<p>The notionally dollar-pegged “stablecoin” quietly underpins many crypto-market moves. We ask what the currency issuer’s <a href="https://www.economist.com/finance-and-economics/2021/02/23/tether-is-fined-by-regulators-in-new-york?utm_campaign=the-intelligence&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">clash</a> with New York authorities means for the wider crypto craze. In many African countries, parliamentarians are asked to fill public-service gaps—at great personal cost. We examine moves toward a fairer forking out of funds. And why physical-education exams are <a href="https://www.economist.com/china/2021/02/06/officials-in-china-make-pupils-take-sport-seriously-with-exams?utm_campaign=the-intelligence&amp;utm_medium=podcast&amp;utm_source=third-party-host&amp;utm_content=show-notes" rel="noopener noreferrer" target="_blank">popping up</a> in China.</p><p>For full access to print, digital and audio editions of <em>The Economist</em>, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a></p> &#10;&nbsp;<br /><hr><p style='color: grey; font - size: 0.75em; '>See <a style='color: grey; ' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for privacy and opt-out information.</p>