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Does Cryptocurrency Eliminate Sovereign Debt?

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Cryptocurrency is equitable, and must come in good faith. – Bright EnabuleleSovereign DebtEconomic activities are becoming more and more debt-based, resulting in an emboldened sovereign debt crisis worldwide. By the end of this year, over 100 countries will be expected to pay USD 130 billion in debt interest. All this because of economic slowdown in the aftermath of the Covid-19 crisis. This could also prompt more sovereign bankruptcies, with countries overburdened by their debt obligations, while investors are seeking higher returns to hold sovereign debt. At the moment, servicing debts and n…

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 9/9/2021

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