What are governments doing about the rise of cryptocurrencies and central bank digital currencies?
Governments around the world are taking various approaches to the rise of cryptocurrencies and central bank digital currencies. Some countries, like China, are actively working on developing their own central bank digital currencies in order to maintain control over the monetary system. Others, like the United States, are taking a more cautious approach and are closely monitoring the development of cryptocurrencies and digital currencies. Overall, governments are recognizing the potential benefits and risks of these technologies and are exploring ways to regulate and integrate them into the existing financial system.