THELOGICALINDIAN - The US Office of the Director of Civic Intelligence has accepted that cryptocurrency could attenuate the US dollar as the worlds assets bill The arch of the US Intelligence Community is gluttonous advisers to detail the appulse of that cachet accident on the US its abridgement and civic security
Also read: Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
Crypto Could Undermine USD as the World’s Reserve Currency
The U.S. Office of the Director of National Intelligence has acquaint a analysis befalling advantaged “Evaluating the Impact of U.S. Dollar Losing Its Status as World Reserve Currency.”
“There are abounding advantages for U.S. civic aegis to accept the U.S. dollar as the apple assets currency. Any all-embracing transaction acclimatized in US dollars gives the U.S. administration over banking crimes associated with those transactions,” the appointment declared in its posting. “In addition, the U.S. is able to finer akin sanctions adjoin or baptize entities that breach all-embracing laws or treaties, or that accept the abeyant to account banking alternation in all-around markets.”
However, “there are abounding threats to the U.S. dollar advancement its cachet as the apple assets currency,” the Office of the Director of National Intelligence explained. “Countries such as China and India accept ample growing economies that could attempt with U.S. bread-and-butter growth,” its column describes, adding:
Referring to the aloft threats, the column addendum that “If either of these scenarios or others appear to pass, the U.S. would lose both its cachet in the apple and its all-around authorities.” The announcement added asserts: “The U.S. should adapt to analyze abeyant ‘black swan’ contest that could accommodate the banking arena acreage in means we do not yet accept – presenting cardinal abruptness — and accept basis causes and active factors that are decidedly acute to assertive all-around or abstruse events.”
Who Can Apply and Scope of Research
The analysis befalling aloft is a U.S. Intelligence Community Postdoctoral Analysis Fellowship Program through the Department of Energy’s Oak Ridge Institute for Science and Technology.
The Intelligence Community is a affiliation of 17 agencies and organizations, including the Central Intelligence Agency (CIA), the Department of Homeland Security (DHS), the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), and the National Security Agency (NSA). The Director of National Intelligence, acting as the arch of the Intelligence Community, oversees and directs the accomplishing of the National Intelligence Program and acts as the arch adviser to the president, the National Security Council, and the Homeland Security Council.
Two positions are listed in the analysis befalling posting: postdoc and analysis advisor. Postdoc applicants charge be U.S. citizens and either contempo Ph.D. graduates or doctoral acceptance who will anon complete their degrees. Analysis adviser applicants charge be an agent of an accepted U.S. university, academy or U.S. government class but are not appropriate to be U.S. citizens. The appliance borderline is Feb. 28.
“This activity should advantage all accessible advice as able-bodied as contempo breakthroughs in activated statistics, bogus intelligence, and abysmal acquirements to actuate the best acceptable scenario(s) for how the U.S. dollar loses its cachet as the apple assets currency, why that scenario(s) is best likely, and in what timeframe this scenario(s) could unfold,” the Office of the Director of National Intelligence clarified, elaborating:
What do you anticipate of the U.S. researching how crypto could attenuate the U.S. dollar as the world’s assets currency? Let us apperceive in the comments area below.
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Images address of Shutterstock and the Office of the Director of National Intelligence.
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