Why does the United States strongly stop Zuckerberg’s digital currency plan?

Why does the United States strongly stop Zuckerberg’s digital currency plan?

As for the reason why the United States is forced to stop Zuckerberg’s digital currency plan, I think there are two main reasons.

First, the currency is one of the important tools for maintaining state power. It is not for anyone who wants to issue it.

Currency is an indispensable factor in the economic development of a country. To maintain a healthy and healthy development of any country, it is necessary to maintain the stability of the currency. The currency of a country is generally issued by the current government. At present, no country in the world has found two currencies at the same time.

As one of the important tools for maintaining state power, money must be firmly in the hands of the ruling party. This is also one of the important tools for maintaining the power of the ruler. Although the US currency is mainly issued by the Federal Reserve, and the Fed is independent of the US government, the US government still plays a vital role in the issuance of the US dollar. The US government is also striving to maintain the status of the US dollar. The status of the US dollar is any other currency. Can't replace it.

It is precisely because of this that the United States absolutely does not allow Zuckerberg to issue digital currency. Zuckerberg can play virtual currency casually, but if the digital currency issued can be used for trading, and is equal to the status of the dollar. The US government absolutely does not allow this to happen. If the digital currency issued by Zuckerberg can be circulated in the world, it is quite uncontrollable that the currency is not controlled by the US government. The United States does not necessarily allow this kind of existence.

Why does the United States strongly stop Zuckerberg’s digital currency plan?

Moreover, not only the United States, but also many countries including China are also vigorously cracking down on some fake virtual currencies. After all, money as a very important part of a country's economic development, there should be no mistakes. If anyone can freely issue currency and get the market to trade, the relevant criminal activities will be rampant, such as drug trafficking, arms trading, money laundering, etc. Is this country a mess? In addition, once the digital currency issued by these platforms is recognized by everyone, any platform can issue currency at will, and various factors such as inflation and price will not be affected, and the country's economy will fall into chaos.

Therefore, many countries currently do not allow platforms to issue authoritative virtual currency. Even if digital currency is a major trend in the future, there is only one government that has the right to issue this currency. Because any currency needs control, it needs Supervision, in order to maintain social and economic stability.

Second, the strength of the United States is based on the dollar currency of the world. If the status of the dollar is challenged, the hegemonic position of the United States will also face challenges.

What is the strength of the United States? Many friends may first think of the strong military strength, economic strength and technological strength of the United States. These are all right, but the most powerful place in the United States is the hegemony of the dollar. Whether it is the US military economy or technology, it is based on the hegemony of the dollar. Because the United States uses the world currency status of the dollar, it can control the world. The economic lifeline.

Why does the United States strongly stop Zuckerberg’s digital currency plan?

If the status of the US dollar is challenged one day, then the strength of the United States will eventually be challenged. This is the last thing the United States wants to see. So in recent years we have seen that the United States is using it every time through economic trade or military war. A means to maintain the world currency status of the US dollar. The world currency status of the US dollar cannot be challenged by foreign currency status. Other forces within the United States cannot challenge it.

Zuckerberg’s digital currency plan has worried the United States because Facebook has technology and traffic. If Facebook issues global digital currencies based on blockchain, the currency is not controlled by the US, because blockchain currency is a technology that is completely uncontrolled by humans. Once such digital currency is recognized by countries around the world, The status of the dollar will be seriously challenged.

If Zuckerberg’s digital currency can really be promoted globally, it is not impossible to challenge the status of the US dollar. We must know that many countries in the world are not very satisfied with the US dollar. The United States has implemented the quantitative easing currency to make the US dollar In recent years, there has been a large devaluation, which has made many countries miserable. In addition, some countries are easily controlled by the United States because they rely heavily on the US dollar. For example, Venezuela is a typical example.

Therefore, in recent years, many countries are actively looking for monetary diversification policies and began to try to reserve and use the euro, the renminbi and other transactions. But even then, the dollar’s ​​share of world trade still has an absolute advantage. Because many countries can't find any currency that can replace the US dollar status for the time being, even if the euro or the renminbi yen can't replace the US dollar, many countries can only endure the US dollar hegemony and use the US dollar to trade silently. .

But if Facebook can develop digital currency, it is likely to change the current monopoly of the dollar. Because Facebook currently has a very large number of users around the world, as of now, Facebook's global active users are about 2.7 billion, which is equivalent to one out of every three people in the world is a Facebook user. This provides a very good platform for Facebook to promote digital currency. If the digital currency promoted by Facebook is accepted by the majority of users and forms a habit, once the digital currency can be used for real transactions, the status of the dollar will be It will be very challenging. Maybe one day, this digital currency can swallow up the market share of the dollar, and the status of the dollar will gradually decline.

Why does the United States strongly stop Zuckerberg’s digital currency plan?

What does the dollar recession mean? I believe that the US government is more clear than anyone else. This is not only related to the problems of the US economy and society, but also to the hegemonic status of the United States and the repayment of the huge debts of the United States. To give a simple example, if Facebook’s digital currency is accepted by everyone, then everyone can exchange the US dollar for this digital currency. When the US government bonds are not subscribed, how can the Americans Maintaining huge debts is a big problem.

It is precisely because of the realization that Facebook's issuance of digital currency may bring huge energy, so the United States directly blocked Facebook's way of issuing digital currency.