Financial sovereignty in an age of unregulated Layer 3 dollars: If you’re the governor of a small central bank in a country that’s low on the geopolitical pecking order, you could face the prospect of your citizens getting access to digital dollar stablecoins issued by the likes of Fb. This may undermine your already tenuous monetary sovereignty, and increase the prospect of your country change into a vassal within a Layer 3 company-issued dollar system. In this context, you could feel some stress to push a neighborhood Layer 1 CBDC to compete with that, even when it upsets your native banking sector.

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Michigan opened its on-line sports betting doors with a bang in January 2021, with 10 sportsbooks debuting on the same day. Since then, it has turn into considered one of the highest states for sports betting, with multiple dozen Michigan sports activities betting apps providing service to Michiganders and their visitors. For essentially the most half, Michigan law doesn’t prohibit any explicit kind of sports wager beyond highschool sporting occasions. However, you cannot make prop bets on individual players in collegiate sports activities.