The development of Central Bank Digital Currencies (CBDC) has blossomed in the past few years, with countries like China in the advanced stages of its digital Yuan and Japan, Korea, and the US in their research phase for their respective fiat currencies.
However, this presents a concern for the inclusivity of decentralized cryptocurrencies like Bitcoin and Ethereum in the current financial system. Nation-states have not yet made any strong regulations to adopt Bitcoin, but are taking steps to roll out their own centralized currencies.
Read more: https://cryptoslate.com/heres-why-bitcoin-will-boom-in-the-biggest-overhaul-of-finance/
