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CNBC: US Dollar May Lose Its Global Dominance Because of Crypto

  • Alex Morris
    📰 News

    USA after imposing economic sanctions on more than 2 bln people, urged other countries to create a parallel financial system not to be dependent on the US dollar


CNBC: US Dollar May Lose Its Global Dominance Because of Crypto
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In a recently published CNBC article, the IAGS ( Institute for the Analysis of Global Security) director Gal Luft claims that the US, after imposing a slew of economic sanctions on more than two bln people, has urged other countries to create a parallel financial system in order not to be dependent on the US dollar. China, Turkey, Russia, Iran are only some of the members of a burgeoning anti-dollar block.

Remarkably enough, Luft points out that some of these countries are mulling over creating their own state-backed cryptocurrencies due to the rising popularity of digital assets. Earlier, U.Today reported that Iran had finished the draft of a national rial-pegged cryptocurrency.


Cover image via u.today
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