Question: Consider the fiat currency system and the recent developments in the decentralized form of money creations. Discuss such developments in the monetary system and their

Consider the fiat currency system and the recent developments in the decentralized form of money creations. Discuss such developments in the monetary system and their effects on classifying currency as an asset class (e.g., Bitcoin). Should countries consider digital currencies powered by distributed consensus mechanisms over the legal tender system? Support your arguments.

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