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Bitcoin has inspired the creation of Central Bank Digital Cryptocurrency (CBDC)

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The reality is that even if the central banks of different countries do not recognize that BITCOIN(BTC) and the Blockchain have drastically changed world finance, there is a total inclination to digitize global financial movements, including the contemplation of creating digital currencies in some countries, so that in some way Fiat can be used as a currency...don't you think so?

The BTC is a driver of major changes, very much in vogue is what they have called digital central bank currency (CBDC), in which many states are already working to make it coexist with the national currency, and even that it is interchangeable between them.

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I could say that the first country that is in this race for about 5 years is China, and they emphasize that it is not a crypto currency, and obviously it is not or will be, because one of the main characteristics of cryptocurrencies is that there is no central body that regulates them, that is, it is not centralized, also South Korea and Japan are advancing in the creation of their CBDC, But it is not only in Asia there are also some initiatives in Europe and even in the Caribbean .

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In the Caribbean, we find Jamaica, which recently, according to the announcement by the Central Bank of Jamaica, will be a fiat currency and not a crypto-currency. The intention is to facilitate the exchange through purses on their phones and that will accelerate the process of exchange in addition to reducing costs related to traditional bank transfers, it may also be used as a reserve of value, since it will have a legal use as the Jamaican Dinar.

This, according to the country's central bank, will allow the financial inclusion of the majority of the population that does not have a traditional bank account.

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For his part, Andrew Bailey, president of the Bank of England also recently mentioned that in the next few years they will be working on the creation and formation of a digital currency.

France, Sweden WITH ITS Digital Crown on trial, Turkey with its Digital Lyre, did not know a country called The Marshall Islands that in 2018 announced plans for the creation of its own digital currency called the Marshall Sovereign, so, as you see, the list is long and there are many more that are already working on it. Although it is true that they are not cryptom currencies, I could say that they are related, since the first ones inspired the creation of CBDC* by central banks.

As we can see, the world is heading more and more towards a digital era, in which digital currencies, crypto currencies, and more will be coexisting in world finance.

I hope you enjoyed this publication, any comments are welcome.

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