Central banks’ policy making has played a key role in manufacturing the 2008 financial crisis. One of the responses to that crisis was Bitcoin. With its decentralized system and peer-to-peer technology, cryptocurrencies such as Bitcoin have the potential to dismantle the traditional banking system. Therefore, the banking system has maintained a negative stance irrespective of the surge in digital asset adoption. The list includes India, one of the leading crypto nations with respect to demand.
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