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, I read on the official Instagram of my country's central bank that they are in the research stage and it will take quite a long time. Implicitly they did create CBDC as a form of their awareness of the development of BTC so that this will be a comparison asset for BTC that already existed before.
But if the Central Banks believe that a CBDC will stop/discourage people from buying, and using Bitcoin, then they cannot be more WRONG. I believe people HODL, and use Bitcoin because of two things, idealism, and greed. Bitcoin is censorship-resistant, and something that can still surge 10x more. CBDC can’t give you that.
Well EU plans to start
blocking anonymous wallet transaction which they could literally make it a hunt for criminals not just for launderer that they usually say.
They can, but how are they going to censor a transaction from happening? Plus I believe is many users would then avoid to use services that require KYC to de-anonymize my transactions.
And then this CBDC although it will take a long time before they could come up perfectly, stablecoins might also be screened or banned because they think that stablecoins are going to be widely used than the CBDC.
The government will do everything to ban anything that threatens their authority, but the cat is out of the bag. Like the genie, the idea of Bitcoin can’t be pushed back into the bottle. It’s like the discovery of Electricity, that’s how ground-breaking Satoshi’s white paper is.