Alex Morris

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

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

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.

views
👓 Recommended articles