The Crypto Capital of the World, the United States, is unable to legislate blockchain regulations, let alone stablecoin regulations, and while we are at it, even meme coin regulations.
This is Kyrgyzstan: Kyrgyzstan's dollar, Kyrgyzstan has decided against adopting a central bank digital currency (CBDC) and is instead turning its attention to supporting a stablecoin backed by gold. This move reflects the country's strategic pivot towards leveraging gold reserves to stabilize its digital currency initiatives.
Imagine that ...
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