Cryptocurrencies and Central Bank Digital Currencies as Legal Tender: Implications for an Increasingly Digitalized Global Economy
Frost & Sullivan
APRIL 11, 2022
Together with a rapid surge in private crypto investments in 2021, the idea of digital currencies becoming legal tender over the medium to long-term appears increasingly plausible. The Digital Yuan is the digital form of the legal tender regulated by China’s central bank, which can be exchanged one-to-one with fiat currency.
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