Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own.
This pandemic may be one of the reasons why many countries want to issue their own CBDC. Getting digitalized has good reasons to avoid this kind of condition in the future. And it also fits the development of technology.
And moreover, the government knows that many more people around the world are now also interested in cryptocurrency. And now, the government is trying to follow the development of technology based on digital currency although it is not similar to cryptocurrency, at least, it may use the technology of blockchain or other things similarly.
And I am wondering what is the impact directly to the cryptocurrency in the future since many more countries issue their CBDC.