RIO DE JANEIRO, BRAZIL - It is not a question of if, but when. The intense work of a large number of central banks around the world makes it almost a certainty that in the coming years, several of them will issue a digital version of their currency.
In addition to a significant challenge for private, non-governmental, cryptocurrencies, such as bitcoin, this will also have consequences for emerging markets, particularly those with high macroeconomic instability and inflation and a weak currency, such as Argentina.
The effect will include positive aspects, such as a decrease in remittance costs for emigrants residing . . .
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