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How Would a CBDC Affect Bitcoin and Other Crypto?

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Photo by Kanchanara on Unsplash

As first published in GritDaily.com

Click here to read the full article.

Central banks all over the world, including the Federal Reserve in the United States, have been considering the development and circulation of a central bank digital currency (CBDC).

If you’re a cryptocurrency fan, you might be concerned about how this would affect the future of these coins. If you’re a crypto skeptic, you might be concerned that a centralized digital currency would have even more disadvantages than independent cryptocurrencies. And if you’re new to the world of crypto, you might have absolutely no idea what’s going on.

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