Brazil Central Bank Director Terms Bitcoin A Financial Innovation
For instance, Araujo singled out Bitcoin’s role in giving rise to the Web3 concept alongside triggering most jurisdictions to start researching central bank digital currencies (CBDC),” Livecoins reported on August 4. Interestingly, the director revealed that the bank began looking into Bitcoin’s properties over a decade ago. Bitcoin as a currency However, Araujo ruled out the possibility of Bitcoin being used as a currency citing the asset’s volatility as a major drawback....