The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide
The term “government-issued” cryptocurrency is paradoxical. The core tenets of cryptocurrencies — decentralized ledgers and trustless cryptographic payment clearance — are antithetical to government control over value transfer. Officially sanctioned government issued cryptocurrencies are increasing in number, however. Sweden, Japan, and Russia have all investigated the benefits of a state-backed crypto, while countries such as Dubai, Iran, Venezuela and, more recently
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