Developing States are at the center of the development of central bank–issued digital currency. Their governments' efforts to capitalize on digital currencies—as well as the accompanying discourse of fast-tracked economic development and democratization of the financial system promoted by the states and the technology and political entrepreneurs who court them—reaffirm the role of islands as sites of experimentation, this time as fintech laboratories.
!chuds bros?
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Nothing says financial democratization like a central bank monopolizing the rails of all transactions while being run by an unelected cabal of former bank executives
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