In a new Member Spotlight, BWC Member Gary Kleiman explores the rethinking of crypto and AI digital payment applications in emerging markets amid fiscal and economic challenges. El Salvador is scaling back its Bitcoin experiment, while Nigeria and Turkey are navigating crypto adoption with regulatory crackdowns and formal licensing, respectively, to stabilize their economies. Kleiman writes, “Hovering over discussion was the background realization that a leap to immediate legal tender status may be premature.” 

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.