Post
Topic
Board Economics
Re: How much longer until paper money is no longer in circulation?
by
Ayers
on 16/01/2023, 04:15:04 UTC
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While the government also did not try to develop technology that would reduce the circulation of paper money, on the contrary the CBDC introduced by the Bank was a government product whose function was only to restrain the rate of growth of crypto and these efforts were not successful

I don't think creating a bank's CBDC is to limit or slow down the growth of cryptocurrencies, even if a successful CBDC would have no impact on cryptocurrencies. The cryptocurrency market is a financial market used for investment, while CBDC represents fiat in the digital version, which is only seen as an evolution of technology. Fiat is a currency, not an investment market, so the two can't hurt each other. Alternatively, a CBDC could also be the idea that gives the government more control over us.