Quote from: Stable090 on February 22, 2025, 10:13:23 PM

Quote from: SimplyMargotL on February 21, 2025, 05:51:17 AM

As more countries launch their own central bank digital currencies, will bitcoin face increased attacks? Could a mass push for CBDSc lead to restrictions on bitcoin or will btc remain a global alternative?

Government have tried to kill bitcoin in previous years, but they failed, they have tried different strategies, but they are not successful. What makes bitcoin to be in existence up till today, then you should know that no matter how the government tries, then nothing will happen to bitcoin. The only thing that can happen is that bitcoin price will drop when they come up with their policy, and with time, bitcoin will bounce back to previous price. Government have tried to kill bitcoin, they are just unsuccessful.

Going back when Bitcoin is already that getting that significant amount of attention and recognition then we've seen those banning regulations or laws of some certain country because they cant just that trust up Bitcoin or crypto or lets say that they cant be able to trace it up and cant be able to be taxed and thats why they do really hate it. Pretty sure that they have done lots of things for them to be able to crack Bitcoin but they've failed on doing so. This is why nowadays on which instead on banning it out, they do rather tend to adopt. Although not all countries are already that positive towards Bitcoin and still on the middle of the decision whether they will be allowing it or will be that goes to the opposite. The only way that they can be able to handle out Bitcoin or crypto transactions is really that trying out to regulating exchangers and other crypto related services.

On this way then they can at least having that information and this is why to those crypto users will really be needing up to comply with some KYC. We can still be that having that anonymity as long we wont really be able to touch up these centralized platforms then it should really be just that fine. There are really just that individuals who are really that giving out that importance about decentralization and anonymity and thats why they cant be able to touch up or they are really that being keen or still observing with these services.