FameEX Afternoon Crypto News Recap | April 12, 2023
US Presidential Candidate RFK Jr. Views Bitcoin as a Way to Navigate Financial Turmoil
Robert F. Kennedy Jr. has warned the public to be cautious of central bank digital currencies, citing the Biden administration's "hostile broadsides against cryptocurrencies." He also emphasized that bitcoin provides a means of escape for the public in the event of a market crash. Kennedy recently filed for candidacy in the 2024 U.S. presidential election as a Democrat.
India Proposes Universal Crypto Framework to Address Cryptocurrency Volatility and Disruptions
India's Finance Minister, Nirmala Sitharaman, emphasized the importance of cryptocurrency regulation during her visit to the U.S., stating that it is a significant part of the G20 discussion, particularly given the frequent collapses and shocks in the industry. She added that India is seeking a universal framework for all countries to address the matter of cryptocurrency.
Roubini Predicts Shift to Bipolar Reserve Currency System with Chinese Yuan as US Dollar Alternative
Economist Nouriel Roubini, also known as "Dr. Doom," predicts that there will be a shift from a unipolar to a bipolar global reserve currency system, with the Chinese Yuan potentially becoming an alternative to the US dollar. He anticipates that countries looking to reduce reliance on the USD will consider the Chinese yuan.
French President Macron Urges Europe to Reduce Dependence on US Dollar and Avoid Subordination
French President Emmanuel Macron has stated that Europe should reduce its reliance on the US dollar to avoid becoming "vassals" and apply the concept of "strategic autonomy." He believes that Europe should avoid getting involved in a conflict between the US and China in the short term, following his visit to Beijing.
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