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A handful of small international locations – the Bahamas, Nigeria – have launched fiat digital currencies, however greater than 30 nations are growing or pilot testing them, together with China. Final week, town of Shenzhen in southern China introduced $4.5 million in digital yuan as stimulus funds to residents to counter the damaging financial results of the pandemic. The U.S. is contemplating a digital greenback, however Federal Reserve Vice Chair Lael Brainard stated not too long ago it will take approval from the White Home and Congress and would take at the very least 5 years to materialize. At this yr’s Consensus competition in Austin, Texas, from June 9-12, a few of the greatest names and most vibrant minds will come collectively to debate points within the quickly altering monetary ecosystem.
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