Thursday, March 28, 2024
Homeglobal investing hot spotsNext stop in the cryptocurrency craze: A government-backed coin

Next stop in the cryptocurrency craze: A government-backed coin

  • Central banks around the world, including China, Japan and Sweden, are developing their own cryptocurrencies.
  • Peter Smith of Blockchain says we are 24 months away from a major government issuing a sovereign digital currency.
  • A Federal Reserve official said this week that the U.S. central bank is thinking about its own digital currency, but it is years away.

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