1、Currency War in the Age of Digital EconomyTraditional Currency War: Invasion of IraqThe “.com” economic bubble began to burst in the United States in April 2000, followed by the terrorist attacks in September 11, 2001.As pressure mounted for the dollar to fall, the euro appreciated to its highest le

2、vel since its inception, resulting in further money outflow from the United States.Control of Middle East oil means control of oil price. EU nations import over 60of their energy consumption, with dependence on foreign oil reaching 80 to 90.Germanys rely on foreign oil is at 98, the highest of all.T

3、he idea is to blow consumer confidence in the Eurozone by waging wars. As geographically, the Middle East is far from mainland United States but close to Europe.Burden EU nations with the cost of Iraqi post-war construction.SeignorageThe right to print money at a cost lower than the face value of th

4、e currency. Andre FourcansAndre Fourcans, a contemporary French economist, raised a question in his interesting economics book LEconomie Expliquee A Ma Fille: how much does printing a 500 euro banknote profit? According to his calculation, the answer is making a profit of 60,000%.KissingerAs for the

5、 global seignorage, former U.S. Secretary of State Kissinger remarked: “Whoever controls oil, controls all countries; whoever controls food, controls humanity; whoever controls the seignorage, controls the world.”KeynesAs long as reserving the privilege to print money, the government can sustain! Ec

6、onomist Keynes commented in 1924 that “When there is no other way, a government can survive in this way (currency oversupply).”The mysterious BitcoinDecentralizationAnonymityConstant total supplyValue based on consensusAt 22:27 February 11, 2009At 1:45 am June 11, 2019Digital Currency and National S

7、ecurityMoney LaunderingCriminal funds are converted into virtual currency through virtual currency tradingplatforms at home and abroad, then the money is transferred between different virtual currencies through different exchange platforms. Finally, virtual currency is converted into legal currency.

8、Funding TerrorismSome terrorist websites ask for donations in bitcoins from theirsupporters, while others made online discussions about how to purchaseweapons using the virtual currency.Tax EvasionBecause of its own characteristics, virtual currency is easy to become a payment tooland a value storag

9、e vehicle for criminals to transfer assets across borders and evade the supervision of government taxation.Illegal fund-raising and fraudIllegal fund-raising or fund-raising frauds are carried out under the guise ofinvesting virtual currency issuance, developing bitcoin underlyingtechnologies, and u

10、sing virtual currency for arbitrage.Cyber theftThe generation, transaction and storage of virtual currency cannot be donewithout Internet, virtual currency dealers, and virtual wallet providers.Extortion and blackmailBlackmail viruses struck the world, infecting computers in more than 150countries. Each victim was asked to pay$300 worth of bitcoins to unlockencrypted files due to infection.最突出的問題Most prom