I guess they would plan to keep Bitcoin and crypto illegal but promote and legalize the self-developed CBDC so the power still remains with the government and big financial institutions.
How come Bitcoin / Crypto promotes money laundering and this CBDC is anti-money laundering, Ridiculous !!!
How come Bitcoin / Crypto promotes money laundering and this CBDC is anti-money laundering, Ridiculous !!!
I was afraid that the battle of the government against bitcoin and crypto will become intense and probably crypto will now, little did I know that the government is also scared of crypto dominance. They had no option than to invest in the blockchain but in a highly centralized way. The dilemma is tagging crypto illegal and creating a copy of the illegal and calling it legal.
Now the legal CBDC will fight money laundering. We are watching together.
I wrote about the implementation of CBDC in Nigeria, and now I want to describe this process in Russia in detail
https://bitcointalk.org/index.php?topic=5440827
The same reason Nigerian CBDC (e-naira) failed. The Nigerian central bank launched their e-naira when crypto transaction was illegal in the country. So the idea didn't sell.https://bitcointalk.org/index.php?topic=5440827