A central bank digital currency is essentially the digital form of the bank’s money. The US CBDC, which is under development, showed a record speed of 1.7 million TPS in the recently conducted pilot tests. US President Joe Biden will likely issue an executive order on the government’s cryptocurrency policy this week. Cryptocurrencies are associated with a high degree of risk; hence, one needs to stay vigilant and do thorough research while looking at the space. Moreover, there are many scams going around crypto, so one needs to be watchful.
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