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Cryptocurrencies Being Weaponized Against U.S.: FDD Report

Friday, Jul 19 2019
Cryptocurrency
Written by  FinTech News Brief Staff
Cryptocurrencies Being Weaponized Against U.S.: FDD Report

A study from the Foundation for Defense of Democracies states bad actors are using cryptocurrencies to threaten U.S. geopolitical supremacy. So reports Yahoo Finance.

The report focused on countries either sanctioned by the U.S., or at risk of future sanctions—namely China, Russia, Iran and Venezuela. According to the report, digital currencies backed by a nation and tied to a commodity like oil may make enforcing sanctions difficult. The report cites China as the biggest threat to the U.S.

Read the full article from Yahoo Finance.

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