Quote from: 9to5blog on January 29, 2022, 04:55:44 PM

Meanwhile, The central bank is planning to issue its own digital rouble. The proposed ban includes crypto exchanges too.

Why is it that when any country wishes to introduce or impose her citizens with their CBDC, their first approach is to ban cryptocurrency? Aren't they aware that it is a bad approach? Nigerian government did it and they failed. Why do you need to fight bitcoin and cryptocurrency at large in order to promote your CBDC, knowing too well that it is this same citizens who know and use cryptocurrency that is going to adopt the CBDC.

In the case of Nigerian government, after banning crypto transactions, they launched their e-naira and went ahead to the market to preach to illiterate petty traders to start using e-naira for their trade Grin

. At a time they begin threatening them. Well, I think both cryptocurrency and CBDC can co-exist if the government wants it to be so. They should stop seeing cryptocurrency as a threat to CBDCs.