Governments Taking Very Different Approaches To Issuing State-Backed Crypto

Cryptocurrency’s potential to undermine state-backed fiats is one of the most debated subjects among blockchain advocates. Although it is too early to have a clear answer to this issue, governments are deeply concerned. A proposed solution to the growing threat of cryptocurrency is for states to issue official alternatives. Supporters assert that these central bank digital currencies (CBDCs) could offer the benefits of crypto, yet not sacrifice the stability and security offered by central