Crypto Experts Divided Over Benefits and Dangers of Central Bank Digital Currencies
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Eetu Kuneinen argued against CBDCs, as they are “centralized by nature,” saying that certain dangers come with government control.
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Kuneinen said governments could freeze assets of political rivals with CBDCs. He suggested a decentralized stablecoin framework may be preferable.
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Nikita Sachdev said if governments want to freeze assets, they can already do so. She sees CBDCs as potential progress towards decentralization.
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Jorge Carrasco said failures are normal with new technology. He believes CBDCs and stablecoins may become interoperable.
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Jagadeshwaran Kothandapani said users will decide if CBDCs or stablecoins suit their needs. He thinks both can coexist if stablecoins stay stable.
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