CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.
Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks
This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers
The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.
Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;
Do we really need cbdc now?
The Decentralised cryptocurrencies doesn't need CBDC at all..
Every decisions today were brought up by the government and i don't see a reason why the crypto community will buy into any of such ideas cause they all there for their selfish interests.
On a norms the government was emersed for the people,by the people and of the people but they have choosed to run it their own way cause they know cryptocurrencies is taken over gradually.so they are supposed to confide in the people for anything rather than taking their own decisions by themselves and the law to their hands.
In respective of Bitcoin I believe they are not smiling cause they are observing the unusual and substantial growth of Bitcoin and they all know how it will erase all other currencies so they won't hesitate to do their wish.
So I think we all need to raise our eyes and wash and know when to act.