CBDCs, Bitcoin, Other Cryptocurrencies, and Fiat May be Able to Co-Exist Given Current State of Development: Report
Sovereign governments could potentially be the next group to adopt digital assets, according to a report from the crypto-assets firm octopus . Kraken writes in an update that the central bank's digital currencies (CBDCs) could become "the newest and perhaps most comprehensive instrument for expanding their monetary policy." Kraken also mentions that many governments "have signaled their intention to research and use government-sponsored virtual currencies". Christine Lagarde , President of European Central Bank (ECB) has determined that an ECB digital currency could hit the market within the next 4 years, the Kraken team noted. You also mentioned: “After the COVID-19 shutdown, many governments have given their citizens financial relief. The funds have largely helped people who have lost their jobs, but in countries like the US it has been eight months and some people still haven't received a check. If successfully implemented, CBDCs would allow governm...