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Bitcoin Could Help Fight COVID-19 Pandemic in Europe While Central Banks Create Debt

by CBDC Insider Staff
June 2, 2020
in Business
Reading Time: 1min read
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Bitcoin Could Help Fight COVID-19 Pandemic in Europe While Central Banks Create Debt
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The issuance of Bitcoin is intact, whilst governments are issuing money at their discretion. European central banks are exploring digital currencies, using the same approach as with fiat currencies.
The European Commission recently proposed a recovery fund for the region’s economies, which could reach EUR 750 billion. Of that amount, EUR 500 billion would be subsidized and another EUR 250,000 in the form of loans.

Continue read: https://www.cryptoworldjournal.com/bitcoin-could-help-fight-covid-19-pandemic-in-europe-while-central-banks-create-debt/

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