America's most famous female politician, presidential candidate Hillary Clinton, believes that cryptocurrencies could ultimately lead to the downfall of entire countries.
At the Bloomberg New Economic Forum on Friday, Clinton said governments around the world should be concerned about the growing popularity of cryptocurrencies and their threat to the traditional financial system.
Another area that requires more attention from governments is the spread of cryptocurrency, because it could undermine the dollar's role as a reserve currency and destabilize entire countries.
Just a couple of months ago, the US Treasury also said that cryptocurrencies pose a threat to US sanctions and the dominant role of the dollar in the global economy. He called for strong action to protect national security.
The Treasury also noted the role of cryptocurrencies in cybercrime, as criminals bypass the traditional dollar financial system to cover their tracks.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Where can you avoid paying taxes on cryptocurrency? Part 2. Asia
We tried to understand and systematize how regulators in Europe, Asia and the post-Soviet space approach the issue of selling, exchanging and mining digital coins.
The Central Bank of Russia came out “categorically against” cryptocurrencies
The Central Bank of Russia has once again confirmed its negative attitude towards the idea of accepting cryptocurrency in the country.
