recent panel discussion at the Bloomberg New Economics Forum in Singapore, former US Secretary of State Hillary Clinton
Highlights
- Hillary Clinton cautions that Bitcoin could potentially undermine the role of the dollar and destabilize the country.
- The former first lady and Secretary of State under President Obama highlighted the importance of countries taking a keen interest in emerging cryptocurrencies and considering their impact on their economies.
- Clinton’s comments come amid growing concerns from governments and regulators around the world about the potential risks posed by cryptocurrencies.
- Some governments, including China and Russia, have taken a hardline approach, banning trading and mining activities outright, while others have opted for tighter regulations.
- Former US President Donald Trump also expressed similar concerns about the impact of cryptocurrencies on the US dollar’s dominance as a reserve currency.
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