Bitcoin Forum

I'm not sure if this is the right place to post the topic so let me know where to move it if you figured. Just a series of questions.

I wanted to ask if exchanges like Binance will include CBDC stalecoins in their market and what will happen to the prices?
Do you think the government will print more of these CBDC coins and buy all the BTC?
And will you as a trader use the CBDC coin?

This is quite likely for cbdcs created in places like europe, North America and India where property laws are white strict and the government can't just delete funds whenever they want. I think these areas already produce quite a lot of currencies too and may be entrusted in producing and distributing cbdcs (I think the Royal mint in Wales produces quite a variety of currencies).


All? No of course not. They wouldn't be able to and might not want to. CBDC tokens might be exchangeable for cash too so they'd be lowering the value of their currency - which no non Chinese country wants to do ;D.


Probably when it becomes secure enough and if it has a good interest rate on an exchange - I imagine exchanges will pay higher for using their stablecoins or tokens though.

Highly highly likely. I mean, if some exchanges do list fiat trading pairs, then why not CBDCs? Especially if these CBDCs do actually gain a lot of mass adoption. Unless certain governments end up asking exchanges to not list their CBDCs of course; which I don't think will happen.

Yes there is a chance, if government supported these coins then surely CZ will list it. There are plenty of fiat listed on their exchange and once they listed the cbdc, other market will follow them. Binance is the leading exchange so likely there will be mass adoption if they decided to list the government stablecoin.

The question is if they are interested to list their coin on Binance. Probably they will ho through some exchange that likely favor them.

Exchanges have to bind with laws and regulations and if they accept fiat currencies to trade for peer-to-peer payment methods, they will accept CBDCs. I think exchanges are keen on CBDCs or whatever stable coins that can bring more liquidity and trading fees from customers. What they want is acceptance from governments to operate their exchanges and get as much fees from customers as possible.

Stable coin companies can mint theirs so governments can mint their CBDCs. If they can created hyper inflation with fiat currencies, they will be able to do the same with CBDCs.

Buy all Bitcoin? Governments can be the buyers but the crowd will be the sellers. Governments can buy with fiat currencies and they don't have to launch their CBDCs in order to accumulate all Bitcoin.

Sure. I will. If you don't do money laundering, CBDC from the US. government can be better than Tether USD.

Well there are a lot of exchanges that have already listed a lot of "government issued currencies" also known as fiat, there is no reason for these exchanges to not also list other form of "government" issued currencies" just because they are in a new form and have a weird name such as CBDC.

It doesn't matter if the exchange lists them or not but the real question is whether people are going to use them or stick to the same existing stablecoins for more privacy. I think people will do the later, not just for privacy but because they are already used to doing it.

The government is cracking down stablecoins which could result probably in them replacing them with CBDC. Is it possible?

Whether a coin will be listed on exchange depends on what blockchaine (if on blockchain) it is created on and on the decision of the exchange owners.
I think that if governments make their citizens dependent on their own stablecoins or make them receive discounts, then they can be so popular that large exchanges will decide to list them. When it comes to Binance, I think it may be a bit more difficult as it already has its own coin, but other exchanges should adopt stablecoins more easily.

Depends on the reality of the situation, out interests as a trader will always matters most specially this is catered by the government. As long as there's strong support from their community, demand will also increas gradually. Price will also be affected when listed at any reliable exchanges like binance, kucoin or Etoro.

Perhaps it will be. We do have Forex exchanges catering to trading different currencies from different countries, so it's not really that far-fetched to see stablecoins from governments being listed on these exchanges. Of course there will be limitations, imposed by the governments themselves, though I don't think they would be that thick to not enlist their stablecoins on public exchanges as it ensures these currencies would appreciate in value as the public joins in on the trading scene.

How many times has the government suspected Binance and caused quite a stir in some news? even in some countries Binance is banned it is difficult to enter. then easily hope CBDC will come in as they hope? I'm not sure this will have problems in the future, how will the CBDC that the government designed will make Binance have to be more careful? We don't have a bad suspicion of CBDC, we just need to think further, because controlled CBDC cannot adapt to decentralization.

If it is exchangeable, I think it is possible, moreover started by listing on the local exchanges of the country. Moreover, it is a fiat coin, the government will do everything if they want to list their coin into exchanges. Maybe some rules that every local exchange should use the CBDC as one of their pairings? Probably  ;D

Does the government buy all BTC? Which government of which country will it be? I don't think so, moreover, Bitcoin is owned by many people around the world, companies, and also other parties. We even don't know exactly who the owners of each Bitcoin in the world are. And I am sure also that they and we will not sell the Bitcoin to the government.
And about the interests of the traders, that is not one of the matters. as long as the exchange lists as one of the pairing, probably exchangeable as fiat at once, it can make different interests.

There is no need to expect that the price of these CBDCs will pump once they've been listed to an exchange. But we don't know if these countries will allow such listing to any exchange even it's binance as one of the biggest crypto exchanges worldwide. They've made CBDC for their own purpose and usage of the people so if they're going to list it somewhere, they'll make their own exchange where people can exchange their fiat for CBDC. And I think that's more likely than to be seen it listed on Binance or elsewhere.

I think that if exchanges accept CBDC and bitcoin trading, people who are constantly trading bitcoin for just fiat profit would defiantly find it more convenient, since probably the stable coin made by the government would usable anywhere, but i don't thin that it would get that popular since it is controlled by the government and it would also be subject to income taxes which many people don't really want.

Was suppose to say the same thing that it would be likely to get listed and since CBDC's will surely be getting users or supporters then they might consider on expanding it out on listed through exchange platforms and
same as you said unless if they wont really be tending to make such step since they do know that they can spread awareness with their own terms and ways and wont really be getting any help out of those crypto
platforms so its a bit mixed with some ego or pride towards the difference between centralized and decentralized.

Definitely, exchanges will list CBDCs. This will attract more users on their platform.
There are already p2p services catering their local fiat.
Now, if CBDCs are available on the exchange platform, it will gain adoption.
However, it still depends on the government, because if they want control, they need collaboration with the exchange so they know the transactions being made via their CBDC.

If they can support fiat deposits, withdrawal and trading pairs, then why not CBDC's?
Obviously will try to "make the price stable' just like their fiat currencies

Not possible. Not everyone will sell their Bitcoins.

We have seen some wallets that haven't moved a single satoshi for over 9 years

CBDC's and cryptocurrencies will have to coexist just like you have seen fiats and crypto. So why not?

Most of the centralized cryptocurrency exchanges will list the government stablecoins as the coins are highly centralized and developed in a regulatory compliance manner to meet all the exchange requirements, but what I could not predict is its future market price.

It's a good way for CZ and Binance to earn the love of the government.  ;D Of course he will list it if needs be. Prices? Stable. Use it? Yes. Why not?
Instead of having a pair like BTC/USDT, I will likely switch to the new one with more security and you can keep it for longer periods unlike with USDT where I am always having doubts. Long-term traders will finally have some peace of mind with a new pair.

stable coins are a token but theres no token discussion . you can try relocating it at altcoin discusion

arent they already have it ? because i have seen usdt and other stable coins on their exchange .
nothing can happen in the price but we will experience a normal market ( up , down and stable ) . i dont think they will print and print and buy more btc because that can cause imbalance in the crypto market , pretty sure they dont want to get blamed  . never try using a stable coin but if i do i will pick usdt first because im familiar to it

Exactly! Any government created digital coin can go on exchanges that governments feel close affiliation to from the legislation standpoint, and so I agree that the bigger challenge here is the use of these coins. Perhaps, it is even irrelevant to even pose the second challenge if governments decide to force their digital assets onto people by having a small transition period and make their fiat obsolete???

For me this would be the most worrying thing because not everyone say in China has access to the internet let alone access to a digital wallet. I could see this being resolved whereby every citizen will have a wallet created by the government much like a utilities account but of course that goes against decentralisation and monopoly from a central base.

These are all heavy concerns that I think decision will not be made overnight and it will involve multiple parties, perhaps even multiple governments around the globe.

Probably if it happens,,, it will be the governments moving to list them and only as part of crypto regulation + licensing. In fact,,, I believe now they might even make it a requirement that if you operate in the country maybe you can only fiat off ramp with their CBDC.

Remember what happened with Venezuela and Petro? Sign of the future:)

The transition will not be carried out arbitrarily, it requires careful thought and planning, especially regarding community responses that are more aware of decentralization. I'm not sure on what basis stablecoins were created especially the profit side for their creators. But if it's really profitable without us realizing it, the creators can still launch new versions backed by other stable assets like gold where there is no opposition from any authority about its existence.

To be honest I don’t want to use them.
I know this opinion will varies from person to person but that’s what i want.
I really don’t want to hold any coins that are controlled by government.
Earlier Cryptos are developed for his decentralised nature and if it’s now controlled by government, then better to avoid it.
Waiting for other members opinion on this.

I don't mind paying taxes as long as freedom is there. I would actually prefer govt. backed stable coins over the Tether stable coins because obviously, it gives more confidence.

There is no doubt that Binance and all other big exchanges will immediately support these coins because there will be pressure from the government and there will be enough demand just like how people forced Binance to list Shiba Inu, through sheer support and pressure on social media.

It would be a good addition to the crypto market because although the market is enormous for cryptocurrencies, we still lack trust to some extent which should be solved with the arrival of govt. back stable coins.

Maybe there is some truth in what you say because it can be a protection for both parties (the government and Binance) and consequently, your balance will be monitored by the government where they can easily check each other's financial totals. as a result, if the tax from the government's crypto is a stablecoin then are you willing to be subject to a CBDC crypto tax?

That's right, maybe the tax won't be too big and burdensome as long as the income you get can cover taxes in a sustainable period. freedom is the main point, and Binance will definitely think about if they will soon list a stable coin that the government itself designed specifically to be able to trade with exchanges.

I believe centralized exchange will welcome the government's issued stable coins. Since exchange itself will be most beneficiary by allowing traders to use CBDC. Both are centralized exchange and CBDC. And it will be an advantage for traders to cash out their earnings as well. So from the exchange side, there wouldn't be prevention if the government that creates CBDC does not prevent it. Because all the control of CBDC will be in the government's hands, so getting their permission would be mandatory.

It would be automatically approved since these centralized exchange are complying government rules and regulation so it wouldnt be that surprising on seeing this on the future about CBDC's.

This is actually putting up traders on more convenient way on conversion out their coins into these coin too but we know that every convenience would have a particular exchange

which would really be that KYC as usual but even in todays situation then this turns out to be on default.So expect that it would be 100% be required.

I believe there is nothing special about launching CBDC stalecoins, much less using them. You may have noticed that now, besides the Binance exchange, there are a number of other financial platforms that successfully exchange cryptocurrencies for fiat money and vice versa, so why should CBDC stalecoins be special? I believe CBDC stalecoins will definitely be added to all major trading and exchange platforms. When it comes to printing CBDC stalecoins, I don’t think they will be printed uncontrollably like the US dollar, but if that happens, then the price of these CBDC stalecoins is worthless. But supposing that everything goes and works within the framework of the rules, then I will probably also use CBDC stalecoins to exchange cryptocurrencies and fiat money.

Sure, because when they list those currencies, they have a greater chance to grow, even compete with other banks in that country. Normally, a centralized exchange and a bank are unrelated, but the fact that stablecoins are issued by the government and listed there means that they have become an extremely legal exchange to use. But I guess no government wants to do that?

This will depend on which country will issue the CBDC. After all, we understand that there is a big difference between Venezuela and America and, accordingly, there will be a big difference between Petro and the national digital currency of America. Accordingly, such CBDCs issued by developed countries will be in high demand among people.

in addition to making profits, of course the two parties will get closer and gradually open up the widest possible space for cryptocurrencies in the country and provide various freedoms of transactions. so little by little the cryptocurrency paradigm is no longer terrible in the eyes of the public.

Sure. It is not known if this will be an official listing, but what will prevent people who bought these stablecoins from listing on any of the exchanges.
Both centralized and decentralized. However, they can have any kind of control only on the CEX.

Maybe they will, but it all depends on what this is CBDC is all about and how it’s going to work, that’s what will determine whether it will be tradable on exchanges when the time comes. I have not seen a CBDC and I don’t fully understand, all I just know is that they are stablecoins that are owned by the government, apart from that I don’t know how they function and all that. And moreover there hasn’t been much countries that owns CBDC, most of them that tried failed, only China seems to be successful, but let’s see how far they will go with that.

More likely yes than no, what difference does it make to them if it is a stablecoin.
Personally, I still do not understand at all how these monetary components will work in practice, given the huge number of restrictions on the part of various jurisdictions, not every exchange will be listing a similar coin to itself.

It's digital coin that represents every countries fiat currency so yes it makes sense for CBDC to be available on not just binance exchange only buy other exchanges too, this might even make things become easier, we all know how scared people are when using centralised stable coins like USDT even while it's the no 1.

I think they will list government stable coins (CBDC) because an exchange will list anything that has enough interest from the traders and although CBDC are rated badly by a lot of crypto enthusiasts but we cannot deny the hype and interest is always there.

Technically, printing more CBDC/stablecoin is like printing more money to buy all the bitcoins. If they do something as foolish as that, it might end up costing them inflation in the end.

Probably never because I don't want to be tracked down, not because I am doing anything illegal but because I prefer my privacy and hence I entered this decentralized market.

This is really something to ponder about and now that you mentioned it I find myself also wondering the same thing, it most definitely needs to be traded on different centralize exchanges in other to reach as many as possible,  how will people have access to the coins if they are not traded on exchanges,  and I feel the demand will be high and probably compete with top stablecoins like usdt, reason because since they are government backed and approved many people including me will want to use them for assets preservation without any fear of government going after the project.

I think CBDC will be listed, the government can impose it by regulation and they will come up with solutions for gradual shelling with other centralized stablecoins like usdt.  That is also the reason that USDT is risky.

Binance has its own stablecoin (BUSD) so it doesn't really need another one. However, everything will depend on the popularity of CBDC. If it turns out that users prefer to use CBDC, Binance will also adopt this stablecoin to be a more competitive exchange.

Binance has branches in many countries, and remember that binance gets some regulatory pressure simultaneously last July (https://bitcointalk.org/index.php?topic=5353197.0). CBDC legal strength is greater than stable coins made private institutions. Listing CBDC is not on the basis of its popularity, even the local governments can prohibit any exchanges that have been operated on their countries that listed any stable coins other than CBDC.

I think it will be.  But more importantly who will take the value and use it.  If Tether has a fork in the future, are other stablecoins worthy of trust?  Personally, I never thought I would have to use cbdc for my transactions, it's wrong argument and point of view of market success and survival -> Decentralized stable coins are opening up huge opportunities for bitcoin  .

It could be a way for the fresh money to enter in the cryptocurrency. Why are you only mentioning USDT? another stable coin has the similar case with USDT but they didn't get published.
CBDC will be listed in the exchange site but i think that the exchange site will provide a new tab to be used by those CBDC. It will replace fiat.