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.
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