Why Bitcoin, the ‘$1 trillion market cap asset,’ needs to be acknowledged

Central Bank Digital Currencies are often classified as cryptocurrencies, but those who passionately believe in decentralization often view CBDCs with suspicion. On 7 October, Head of the Bank for International Settlements (BIS) Innovation Hub, Benoît Cœuré, delivered a speech titled “Finance disrupted.” The speech touched on various developments in the fintech sector. However, the crux was that central banks needed to “step in.”
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