Hillary Clinton: “we need to regulate cryptocurrencies to protect ourselves from Russia and China”

Former US Secretary of State Hillary Clinton believes that cryptocurrency markets need more regulation to protect against “manipulation” by Russia, China and other countries.

During an interview on MSNBC, Hillary Clinton warned of the dangers of manipulating social media and “other kinds of technology.” According to the Democratic presidential candidate, third-party states and organizations can manipulate social platforms, use digital currencies and other technologies to destabilize the United States and the status of the US dollar as the world’s reserve currency.

“It is important to understand that we have cryptocurrencies on the horizon and people are just starting to pay attention to them. We need to regulate the cryptocurrency market. Imagine a combination of social platforms that can control huge financial flows thanks to cryptocurrencies. We’re not just talking about states like China and Russia or others that manipulate a wide variety of technologies to their advantage. But also about non-governmental organizations that, together with the governments of countries, or independently, destabilize states, destabilize the dollar as a world reserve currency, ”Clinton said.

She separately noted that social platforms can be used to manipulate public opinion, which, in turn, allows influencing elections and other processes in the state. And coupled with the popularity of cryptocurrencies, there are even more opportunities for manipulation.

This is not the first time Clinton has raised the question of the “destabilizing” potential of cryptocurrencies. A week earlier, she said that cryptocurrencies not only threaten the status of the US dollar, but can also lead to the decline of the economies of small countries. And in the future, larger states will also be under threat.