What alternatives to crypto do CBDs propose as the cornerstone of the future?

3 answers

• Dec 25, 2021 · 3 years ago
  CBDCs offer a centralized and regulated digital currency that aims to provide stability and security in the financial system. With CBDCs, governments can have more control over monetary policy and ensure compliance with regulations. This alternative to crypto addresses concerns such as volatility and lack of oversight.
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• Dec 25, 2021 · 3 years ago
  In contrast to cryptocurrencies, CBDCs are backed by central banks and have the potential to offer increased transparency and accountability. This can help prevent illegal activities such as money laundering and fraud. CBDCs also aim to improve financial inclusion by providing access to digital payments for the unbanked population.
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• Dec 25, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, believes that CBDCs have the potential to revolutionize the financial landscape. With CBDCs, individuals and businesses can benefit from faster and more efficient transactions, reduced costs, and increased financial security. CBDCs also enable seamless cross-border payments and promote economic growth.
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