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FameEX Afternoon Crypto News Recap | April 12, 2023

2023-04-12 17:31:40

RFK Jr., US Presidential Candidate, Sees Bitcoin as an Escape Route from Financial Turmoil
Robert F. Kennedy Jr. has advised people to be careful of central bank digital currencies and criticized the Biden administration's "hostile broadsides against cryptocurrencies." He also emphasized that bitcoin offers an escape route for the public during a market crash. Recently, Kennedy filed for candidacy in the 2024 U.S. presidential election as a Democrat.

India Proposes Global Crypto Framework to Mitigate Volatility and Disruptions in Cryptocurrencies
India's Finance Minister, Nirmala Sitharaman, discussed the significance of cryptocurrency regulation during her visit to the US, emphasizing that the topic is a crucial component of the G20 discussion due to the frequent market collapses and shocks. She also stated that India is pushing for a global framework that can address the matter of cryptocurrency.

Nouriel Roubini Predicts Transition to Bipolar Global Reserve Currency System with Chinese Yuan as Potential Alternative to US Dollar
Economist Nouriel Roubini, who is often referred to as "Dr. Doom," has predicted a transition from a unipolar to a bipolar global reserve currency system, with the Chinese yuan possibly emerging as an alternative to the US dollar. Roubini believes that countries seeking to lessen their dependence on the USD will explore the possibility of adopting the Chinese yuan.

French President Macron: Europe Must Decrease Reliance on US Dollar to Avoid Subordination
French President, Emmanuel Macron, has advocated for Europe to decrease its dependence on the US dollar to avoid being subordinate to the US. He believes that Europe should strive for "strategic autonomy" and steer clear of the US-China conflict in the near future. Macron expressed these views after his trip to Beijing.

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