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CBDCs are coming, and it should worry commercial banks: if you're replaceable, you're no longer "too big to fail."
Since an ECB executive called Bitcoin the "evil spawn of the financial crisis" in 2018, Bitcoin has gained 180% against the euro.
CBDCs will disintermediate the legacy banking sector and replace cash, writes Deutsche Bank in a new report.
The Federal Reserve's balance sheet just rocketed to a new all-time high in a manner that boosts the case for a decentralized and digital money like Bitcoin.
Many of the world's central banks are in the midst of researching and testing digital currencies. A former Goldman Sachs hedge fund chief says Bitcoin will benefit.
SEC Chairman Jay Clayton says he is open to facilitating the tokenization of exchange-traded funds (ETFs).
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