CBDCs Will Not Kill StableCoins/Cryptos

[TomPluz]

There are some people who are in the government especially those departments dealing with money, banking and finance who are convinced that CBDCs is the killer of stablecoins and maybe even cryptocurrency for that matter. However, they way am seeing it is that CBDCs can even be complimenting cryptocurrency as it will be so easy and mobile to be using fiat money when they could be in pure digital form. The only way to "kill" cryptocurrency is to ban it just like what China is doing and you must have an authoritarian type of a government wo willing to use surveillance technologies to get the ban done.

[KryptoBull]

CBDC is seen as a big wave of 2021 but the reality is that it is not in the crypto market. China has released their CBDC and as expected it is not regulated thanks to blockchain technology.
That's why I believe that CBDC only makes fiat stronger, not crypto weaker.

[Ferki]

There are some people who are in the government especially those departments dealing with money, banking and finance who are convinced that CBDCs is the killer of stablecoins and maybe even cryptocurrency for that matter. However, they way am seeing it is that CBDCs can even be complimenting cryptocurrency as it will be so easy and mobile to be using fiat money when they could be in pure digital form. The only way to "kill" cryptocurrency is to ban it just like what China is doing and you must have an authoritarian type of a government wo willing to use surveillance technologies to get the ban done.

You can't ban Crypto. China can't ban crypto´. Nobody can do that.
After China "did" that, many more bitcoin accounts were made, most of them from China.
VPN is used most in China right now.

[TomPluz]

CBDC is seen as a big wave of 2021 but the reality is that it is not in the crypto market. China has released their CBDC and as expected it is not regulated thanks to blockchain technology. That's why I believe that CBDC only makes fiat stronger, not crypto weaker.

Eventually, I am inclined to believe that CBDCs will be replacing the fiat or paper money if not completely then by the majority of it as the thing can be more convenient and with a population that is already so ready to adopt digital way of living this is the way to go for the fiat money and the government is more than happy to obliged because with CBDCs they can have more control - that's why China love this option. However, at the end, the government will have no choice but to let the digitalized fiat money be connected and integrated with cryptocurrency.

[Master107]

You can't ban Crypto. China can't ban crypto´. Nobody can do that.
After China "did" that, many more bitcoin accounts were made, most of them from China.
VPN is used most in China right now.

Yeah, Almost everything made in China but they cannot impose to stop either kill crypto. In fact they consume a lot and fan of crypto. 

[Rinat8368834]

I fully agree that digital money will completely replace fiat, because today most of them use contactless payments. In fact, using contactless payments and online transfers, we are already using digital currency.

[Alcor]

It is too early to draw any conclusions about the relationship between stablecoins and digitized currencies of states. In fact, we haven’t seen the practical use of CBDC yet. However, it seems to me that they will still conflict. Indeed, in fact, all of them are backed by the currency of states, only CBDC are stablecoins of states, and the current stablecoins we know are mostly private or various commercial structures. Sooner or later they will conflict and the advantage here is clearly in the hands of the states.

[Jaephoenix]

CBDCs are quite different from crypto and there may be no central meting point. I sont think anyone can 'kill' crypto as you said. It's not centralized and under a certain government, and its decentralization is a plus

[hair]

Yes. I think CBDCs are only legal tender in a country, not killing existing stable coins. blockchain is freedom, many people like financial freedom without anyone's interference

[Kitaiev]

It seems to me too that governments in most of the world will not be able to ban stable coins.
China is going its own way and i think it is the wrong way.

[Senin]

I read the information that the Chinese government, in the package of preparing bills that will accompany the appearance of their digitized yuan, also prepared a bill that prohibits the use of their yuan as collateral for other stablecoins. Other states could declare the same ban, and then the current private and commercial stablecoins will become illegal.

[Alcor]

It seems to me too that governments in most of the world will not be able to ban stable coins.
China is going its own way and i think it is the wrong way.

Countries' digitized currencies (CBDCs), that is, their central bank stablecoins, will indeed be direct competitors of their current private stablecoins. Since the provision of private stablecoins is based on the currency of states, it is easy for states to find an excuse to ban private stablecoins from circulation.
In order to understand how stablecoins of states will interact with cryptocurrencies, we need to observe the circulation of these stablecoins of states for some time.

[Fenix]

I fully agree that digital money will completely replace fiat, because today most of them use contactless payments. In fact, using contactless payments and online transfers, we are already using digital currency.

Digital money, CBDC, is a type of fiat money. More precisely, we can say that this is an improved form of non-cash payments of states. However, since these are stablecoins of states, they may well conflict with private stablecoins in the future. Indeed, for states, private stablecoins will be direct competitors, and all the trump cards in this case are with states whose currency is used by private stablecoins as collateral.

[densus88]

You can't ban Crypto. China can't ban crypto´. Nobody can do that.
After China "did" that, many more bitcoin accounts were made, most of them from China.
VPN is used most in China right now.

Yeah, Almost everything made in China but they cannot impose to stop either kill crypto. In fact they consume a lot and fan of crypto. 

Crypto will always exist and will be needed by Investor to generate profit.
Talking about CBDC, It won't have effect to crypto, especially stable coins.

[rizqillah]

CBDC is seen as a big wave of 2021 but the reality is that it is not in the crypto market. China has released their CBDC and as expected it is not regulated thanks to blockchain technology.
That's why I believe that CBDC only makes fiat stronger, not crypto weaker.

I agree , I think CBDC just make fiat stronger , not make crypto weaker.
As you said we all know CBDC , it's not in crypto market, So I don't think CBDC will kill stable coins.
Two different thing.
Crypto will have own market and exist there.