Crypto Experts Divided Over Benefits and Dangers of Central Bank Digital Currencies

Eetu Kuneinen argued against CBDCs, as they are “centralized by nature,” saying that certain dangers come with government control.

Kuneinen said governments could freeze assets of political rivals with CBDCs. He suggested a decentralized stablecoin framework may be preferable.

Nikita Sachdev said if governments want to freeze assets, they can already do so. She sees CBDCs as potential progress towards decentralization.

Jorge Carrasco said failures are normal with new technology. He believes CBDCs and stablecoins may become interoperable.

Jagadeshwaran Kothandapani said users will decide if CBDCs or stablecoins suit their needs. He thinks both can coexist if stablecoins stay stable.