The Dollar could lose its place as the reserve currency if social media platforms and cryptocurrencies are not regulated, warns Hilary Clinton.
The need for stronger regulatory measures to be put in place to ensure safety of the world reserve currency (Dollar) cannot be overemphasized as it is the only means to combat the technological manipulation being perpetrated by Russia, China and other tech giants in space.
Disclosing in an interview with MSNBC TV on the manipulation of social media platforms by some nations Clinton made the remark and called for strong regulations.
On a broader view, her warnings extend to “all kinds of technologies” stating that social media and cryptocurrencies is one thing on the horizon that people are starting to give much attention to and states and non-states bodies could use it as a tool against the dollar the reserve currency of the world.
Of much concern to the senator is the influence of social media on elections, citing how disinformation could influence the possible outcome of election and if combined with the huge inflow of cash in the cryptocurrency market chain could aid states and non-states to destabilize other nations.
Disclosing in her statement “Imagine the combination of social media, the amassing of even larger sums of money through control of certain cryptocurrency chains”.
No doubt many nations are embracing this digital asset as a means of liberation and economic gateway to get around economic sanction of the US. and others even using it as a tool for destabilizing.
