Why do Central Banks considering implementation of digital currencies whilst some are banning cryptocurrencies ?
There is no absolute answer.
Here are a few possibilities:
1.) The blockchain technology is maturing.
2.) Anti-money laundering and anti-terrorism strategy.
3.) Cryptocurrencies are tax free,whilst CBDC will be taxable.
4.) Natural progression of technology and society.
5.) Empowering centralized governance - more control and traceability by the central government.
Submit your comments on what you think is right.
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