Quote from: virasog on July 26, 2023, 05:57:40 PM

Quote from: zasad@ on July 26, 2023, 11:23:13 AM

From August 1, the law will come into force, but CBDC won't work everywhere and it is not yet clear how this will work in practice.

I do not understand the idea of CBDC. The country does not want bitcoin to be legalized but since they see the people's interest in crypto coins, they decide to launch their own CBDCs. The government control CBDC with no control over the supply is a no threat to bitcoin.

The launch is completely unrelated to people's interest in crypto currencies and the implementation of CBDC is carried out for completely different purposes.

Quote from: virasog on July 26, 2023, 05:57:40 PM

Also when all the countries do not have their CBDC, how will they operate within the countries? One contury want to trade in fiat while other in CBDC Huh

Or will the people be allowed to buy bitcoin through CBDC ?

Within countries, CBDC will work just like the domestic currency of any country. I doubt people will be allowed to buy (and own) bitcoin, even for CBDC. Where CBDC dominates, there will be no room for Bicoin.

Quote from: virasog on July 26, 2023, 05:57:40 PM

I don't see this model working well as of the developments till now Huh

It seems to me that they themselves don't properly understand how it will work and exactly how it will be implemented, but they can't resist the temptation to use the CBDC opportunities . As you can see, CBDC is progressively moving towards implementation in "not calm" countries.