Is CBDC threat to Cryptocurrencies? – Katoch Tubes

Is CBDC really  a threat to cryptos?

About CBDC

Central Bank Digital Currency is a blockchain based currency introduced by the central banks. It is traceable, secure but not decentralized like cryptos

The Big Difference

CBDC is government owned currency & has no supply cap like fiat while cryptos are decentralized and most of  them have limited supply.

The Global Update

Many Central Banks across the globe planned to roll-out digital currencies by next year including India and US

Is CBDC threat to crypto?

Acc. to Binance founder 'CZ' CBDC will validate blockchain technology and help establish trust among the masses.

Not a good news for many

Users who do not like to be tracked or avoid govt. interference, CBDC is bad  news for them.

Where India Stands?

India has already initiated pilot launch. Swipe Up for details

Learn more

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