Re: CBDC in Russia

Quote from: Zoomic on July 31, 2023, 08:03:03 AM

Quote from: UmerIdrees on July 27, 2023, 08:44:34 AM

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 !!!

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.

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

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.

Governments are not afraid of cryptocurrencies. Blockchain is like an open ledger where all transactions are stored. It is not the government that needs to be afraid of cryptocurrencies, but the criminals who use cryptocurrencies need to be afraid of the government, because blockchain analysis technologies work more efficiently every year and allow you to get on the trail of criminals and non-taxpayers.