Central bank digital currencies (CBDC) are coming fast. Recent article focuses on impact of digital yuan (likely first) to dollar, but what impact will it have on bitcoin or any? I know they are not the same thing, but will eventual widespread adoption of government issued e-currencies (a given IMHO... just when) help or hurt bitcoin?
Geopolitical fallout of central bank digital currencieshttps:/Geopolitical fallout of central bank digital currenciescointelegraph.com/news/geopolitical-fallout-of-central-bank-digital-currencies
China might lead the charge into the digital economy, but will being the first major economy to launch a CBDC be enough to win global reserve currency status?
As China will be the first nation to launch a CBDC, the changes a digital yuan promises for global economics and the role this plan plays in pushing for a currency war keeps its project in headlines
No Impact will be seen on cryptocurrencies due to the worldwide release for various CBDCs!
CBDCs are as good (or bad) as fiat currency, now with more transparency to the government. So now with CBDC, government will have a bird's eye view on your personal finances. They will know how much you earn and spend with just a click on their computer. How on earth it will impact cryptos? I don't see a justified reason for CBDCs to impact cryptos in any way!
We are anyways using our mobile wallets to pay for everything now. During the lockdown period in our country, I personally have not used cash. I even paid the salaries of my maid and my car wash person using my mobile wallet. CBDCs will be very similar to this system. Cryptos belong to a very different world altogether.