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Economics

Central Banks Wrestle With the Crypto Conundrum

They remain circumspect about whether and how to create their own digital currencies.

A customer pays in Bitcoin at a Starbucks coffee shop in San Salvador, El Salvador. — A customer pays in Bitcoin at a Starbucks coffee shop in San Salvador, El Salvador.
Photographer: Camilo Freedman/Bloomberg

By

Michael Sasso and

Stephanie Flanders

April 21, 2022, 6:46 PM UTC

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When visiting El Salvador, be sure to bring sunscreen, a long-lens camera to memorialize its bountiful biodiversity and … Bitcoin. But have some U.S. dollars on hand just in case local merchants don’t accept it.