CBDCs face delays, a win for crypto.
A recent tweet from Cointelegraph posted a survey created by the Official Monetary and Financial Institutions Forum that revealed 'regulatory concerns' are causing one-third of central banks to postpone their plans for Central Bank Digital Currencies. Given that the Trump administration has so far taken a pro-crypto posture, this comes at a very interesting time. During the presidential campaign, President Trump made it clear that he opposed CBDCs, which further solidified his administration's support for crypto.
Since CBDCs are totally anti-crypto, I believe that this delay in their release is positive for the market. Unlike ETH, CBDCs are issued and controlled by the government, which is completely opposed to the spirit of anonymity and independence that crypto promotes. Because CBDCs would let central banks to monitor and manage each transaction, they bring serious privacy issues and jeopardize the financial anonymity that crypto users value most. Again, the anonymity that comes from Ethereum, where transactions are pseudonymous and less traceable, is a strong opposition to the surveillance power of CBDCs.
Knowing that the Trump administration is pro-crypto and anti-CBDC, the timing of these delays seems to indicate a favorable environment for the development and acceptance of decentralized digital assets, confirming an important moment where regulatory uncertainty could cause an acceleration in adoption.
Source: https://x.com/Cointelegraph/status/1889570131182751942