Regulating Bitcoin: Challenges of a Global Governing Authority

Regulating Bitcoin: Challenges of a Global Governing Authority

the need for a global central bank to regulate Bitcoin usage, value, and exchange methods in order to maintain control over market prices and prevent negative impacts on the global economy. However, this development is seen as a distant possibility due to significant barriers such as national interests and priorities. While Bitcoin holds potential, it faces numerous challenges before it can function as a truly global currency, and for now, the economic policies and decisions of individual nations will continue to shape the global financial landscape.

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