BLUF: Cryptocurrencies and central bank digital currencies (CBDCs) are near opposites as CBDCs would establish a direct line between citizens and the government, while cryptocurrencies offer decentralization and freedom of choice. Despite their differences, the rise of CBDCs has largely been a retaliation to cryptocurrencies, leading to bans on cryptocurrencies in some countries. Cryptocurrencies mark a new chapter in monetary freedom, while CBDCs appear to be attempting to bring that chapter to a close.
CBDC vs. Crypto: What’s the Difference?
ByIntelwar
Jun 3, 2023By Intelwar
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