With the Vasil update on the ADA network and his statements, he has been on the agenda recently. cardano inventor and CEO of the project Charles Hoskinsonthis time talked about central banks’ digital currency projects (CBDC).
Hoskinson was a live broadcast guest on a YouTube channel with more than 100,000 subscribers and gave a speech on the general state of the crypto market. CEO, which has been on the agenda in recent weeks CBDCs opened a separate parenthesis for
Charles Hoskinson, CBDCs blockchain He stated that just because they are based would not make them a cryptocurrency:
“While CBDCs are blockchain-based tokenized currencies, they will never be a cryptocurrency. Because digital money will depend on central banks, the financial freedom element of cryptocurrencies is not here. On the contrary, since everything will be in an electronic environment, states will be able to control the money in our pockets much more easily.”
Hoskinson is worried that CBDCs completely destroy financial privacy. With the CBDC, the states can seize the money in our pocket as they wish. Worse still, the rulers can transfer wealth between the social classes of the country with one click.
Central Banks Are Looking For A Cure For Crypto Currencies!
Cryptocurrencies Although the price rises and falls, it is a fact that it is becoming more common day by day. Due to its anonymous and decentralized nature, crypto poses a major nuisance to central bankers.
Central banks, on the other hand, are trying to stop people’s demand for “independent digital money” with the digitization of paper money.
Especially the European Central Bank carries out intensive studies on CBDC. It is aimed that the digital currency will be used in the EU by 2024 at the latest.
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