I think the creation of their own digital currency is an alternative to their people's trust in the government rather than having to take risks to enter the crypto market.
I think the attitude shown is also not wrong. because indeed in the crypto market we know how big the risk is for new people with no investment experience.
most crypto users in Russia will probably feel it. how to invest in the crypto market or another more profitable investment market.
They try to use the blockchain technology and renew their fiat currencies with CBDCs. It does not change the basics of their currencies, decreasing power over time.
Purchasing power of the US. Dollar over time. Other fiat currencies have same trend because all fiat currencies are hyperinflated. They are controlled by governments that try to print as many as possible.
Yeah.. authoritarian countries such as China, Russia and India have this wet dream of replacing Bitcoin with their CBDC shitcoin. But these regimes fail to understand that fiat based coins can never act as a replacement for cryptocurrencies. The main attractiveness of Bitcoin is that it is protected against inflation. CBDCs are similar to fiat currency in this aspect and therefore they are not protected against inflation. No one will be ready to use these shitcoins, even if the regimes force people to use them.
Their CBDCs will make noise and when citizens have experience with their CBDCs, they will feel good with digital currencies. It will help them realize that what governments said about Bitcoin and crypto is wrong. They will gradually move from CBDCs to Bitcoin and real cryptocurrencies.
Two topics about CBDCs and stable coins.
[GUIDE] All About Central Bank Digital Currency (CBDC)[GUIDE] Stablecoin Economy