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Bitcoin (BTC) is a digital cryptocurrency created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. It’s the first decentralized cryptocurrency, meaning it operates without a central bank or single administrator. Transactions are verified by network nodes through blockchain technology.
First country to adopt Bitcoin as legal tender in 2021.
Aimed to lower remittance costs and boost financial inclusion.
However, studies show risks to monetary stability and pressure on traditional policy tools because Bitcoin’s price volatility can interfere with national economic planning
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