CBDCs threaten crypto's core, provide no benefits - Bittrex Global CEO warns

Oliver Linch, CEO of Bittrex Global, joins Kitco News reporter Ernest Hoffman to discuss the impact of central bank digital currencies (CBDC) on decentralized cryptocurrencies. Linch argues that CBDCs remove the key advantages of decentralized cryptocurrencies without offering any clear advantages of their own. They delve into the latest data revealing that 93% of central banks are actively developing CBDCs and increasing surveillance of crypto markets. The conversation also explores the arguments for and against CBDCs and provides insights into recent developments in China, Russia, Brazil, and other jurisdictions. Stay informed with this insightful discussion on the future of digital currencies.

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0:00 - CBDC means many things
3:35 - What problem do they solve?
6:57 - Main motives for CBDCs
9:58 - CBDCs don’t help AML/KYC
12:20 - CBs driven by FOMO
17:04 - No clear policy direction
21:54 - CBDCs not for crypto people
23:33 - Russia’s CBDC and crypto
32:14 - China’s CBDC for Belt and Road
41:42 - CBs need to answer questions

#CBDC #crypto #centralbank
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