It's even funny that stakeholders in banking say that digital currency will become an alternative to crypto and will replace its function as a digital asset. even in my country, here governor of central bank directly promote digital currency to people and try to convince people to use this digital currency as their choice in their daily transactions lol.
Very strange in my opinion. It is clear that what makes crypto attractive is the limited total supply and decentralized. while this is very funny if banking is an alternative to digital currency while the total supply is unknown and centralized. The two things are contradictory because the concepts of the two are very different.
Bitcoin is striving to revolutionize the global financial system but there are some impediments. The traditional banking system backed by the government is resisting the penetration of bitcoin into the financial system because of the fear of losing control. To stop bitcoin adoption and influence they impose certain restrictions on its use within their territory. Bitcoin awareness is also slow in some areas due to certain challenges such as a lack of basic amenities, poor economic conditions, and illiteracy. But so far bitcoin is still trailblazing.
Undoubtedly and surely blockchain technology will break the regulations of every country. and overthrow central bank hegemony and blockchain will penetrate all internet distribution systems besides finance and monetary