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Russian President Vladimir Putin has approved a bill making the "digital ruble" legal tender, in response to Western sanctions and inflation due to the conflict in Ukraine. The central bank will test the digital ruble from August 1. Unlike decentralized cryptocurrencies like Bitcoin, CBDCs are centralized tokens tied to the national fiat currency. They can be tracked, traced, and controlled by the central bank. Some argue that without decentralization, cryptocurrencies lack value. The advice is to trust and invest in decentralized cryptocurrencies like Bitcoin, ETH, and XRP instead of CBDCs.

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_____________________________________
🎯 Registration www.eleon.io
📲 +370 69 198 609
📧 [email protected]
Team, Eleon
https://lnkd.in/eWwEHu9R