Despite its reluctance to embrace Bitcoin, Malaysia recently commenced work on"Project Dunbar," which would use multiple central bank digital currencies for performing international settlements.denied planning to make Bitcoin legal tender. It had to issue a statement after unsubstantiated rumors that started making the rounds on Twitter earlier this week. Nevertheless, Honduras will continue evaluating developing its own CBDC in line with the majority of other countries.
The two back-to-back rejections are bad news for those who thought that El Salvador's unprecedented move to adopt Bitcoin as legal tender would trigger a domino effect. So far, not a single country has followed its example.
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