Former US Secretary of State Hillary Clinton: Cryptocurrencies Can Destabilize States Former US Secretary of State Hillary Clinton warned about the dangers of digital assets on the Bloomberg New Economy forum, New York Times journalist Ben Smith said on his Twitter account.
“What looks very interesting and exotic … can undermine currencies, undermine the dollar's role as a reserve currency and destabilize countries, Clinton said. “A completely new level of activity has emerged, which can be very destructive, and in the wrong hands can become a direct threat to many nations and, of course, to global currency markets.”
The head of the largest cryptocurrency exchange Binance also named a potential threat Changpeng Zhao. At the same time, he noted that digital assets should not be attacked. According to Zhao, this is a technological innovation that needs to be exploited. The head of the crypto exchange himself hardly invests, but his portfolio contains bitcoins, bought in 2014, and tokens of the Binance exchange.
Earlier in October, US Deputy Treasury Secretary Wally Adeyemo announced the threat to the dollar from cryptocurrencies. He also noted that digital assets can negatively affect the sanctions. However, as early as November, Adeyemo said that cryptocurrencies would not be able to make US sanctions less effective. Also, the Deputy Minister of Finance is confident that the growing popularity of cryptocurrencies is not a threat to the dollar.
The Federal Bureau of Investigation (FBI) does not agree with Adeyemo's opinion. In November, the FBI said that hacker attacks, which pose a threat to the national economy, remained frequent due to the rise in the price of bitcoin and other cryptocurrencies. The increase in the value of digital assets, according to the government agency, has strengthened the networks of cybercriminals.