[2021-2-12] CNBC - Why Central Banks Want To Launch Digital Currencies

[dihari]

If you can't control them, regulate them.

He explained that “at that point central bankers started to realise they were under some threat. So the question became, if we can’t beat them then join them.

https://www.cnbc.com/2021/02/12/cryptocurrency-dwindling-cash-use-is-pushing-central-banks.html

[Vishnu.Reang]

They are not "joining". To join, they need to purchase Bitcoin and fill their treasuries with it. They can't afford to do it, and they have no intention of doing it. What the central banks want to do is to rebrand their own versions of fiat currencies as cryptocurrency, to benefit from the growing popularity of Bitcoin. Governments such as those in India are going a step further. They are trying to ban decentralized cryptocurrencies such as Bitcoin. They are assuming that if they get rid of the competition, then people will flock to purchase their centralized CBDC shitcoin.