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It’s now or never — The US has to prepare itself for digital currency By Cointelegraph


It’s now or never — The US has to prepare itself for digital currency

Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. A majority of the central banks are already working on it, with almost 60% already implementing a pilot program.

Related: Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer

Lyle Solomon is a principal attorney for the Oak View Law Group in California, where he specializes in consumer bankruptcy. Solomon’s extensive experience in litigation has led to several articles on financial wellness.