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Edward Thomas Jones, Senior Lecturer in Economics / Director of the Institute of European Finance, Bangor University

Welsh mining towns had alternative currencies 200 years ago – here's what the crypto world could learn from them

Mining Crypto
A halfpenny token issued by the Parys Mining Company of Anglesey in 1788. The hooded druid design was used for many years and was the first of hundreds of token designs. BrandonBigheart/Wikimedia

You can also read this article in Welsh.

The global cryptocurrency market has seen a number of recent setbacks: from the collapse of the Terra/Luna system in May 2022 to the failure of FTX, one of the largest crypto exchanges in the world.

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