Post
Topic
Board Economics
Re: ECB starts 24 month digital euro project.
by
Coyster
on 19/07/2021, 21:22:38 UTC
Their plans to create a CBDC have been around for a long time, even my developing country is already preparing for the realization of the CBDC...
This in indeed another point to highlight and expunge the pros and cons, I know there are quite a lot of countries working on the possibility of launching CBDC's sooner rather than later, as a result of the finances required as well logistics and other whatnots, it's mostly developed countries that are actually obsessed with the CBDC, regulation and anti-Bitcoin ideology.

But having said that, I find it somewhat surprising that even developing/underdeveloped countries are actually weighing up the possibilities of launching their own CBDC, it doesn't even end there, they are also issuing sanctions and regulations at Bitcoin and dex crypto (just as Nigeria did), I find this to be counterproductive, so many of this country's do not have a functioning economy, plus there is a high rate of unemployment in their land, ordinarily, stopping Bitcoin should be the last thing they should think of when you consider the myriad of economic problems facing them, I find it to just be a clear case of misplaced priority.