China has been expanding the use of its sovereign digital currency in cross-border businesses, with the Bank of China completing the first cross-border settlement for precious metals trading.
They go directly against all the core principles of crypto!
Which is to take away the power of centralized abusing parties (who slowly steal the value of our current FIAT currencies through deficit spending + fractional banking) and put them back in the hands of the people through a fair de-centralized system (which should not allow for deficit spending, nor fractional banking, and respects your privacy on top)
Say no to CBDCs! (Central Bank Digital Currencies)
They go directly against all the core principles of crypto!
Which is to take away the power of centralized abusing parties (who slowly steal the value of our current FIAT currencies through deficit spending + fractional banking) and put them back in the hands of the people through a fair de-centralized system (which should not allow for deficit spending, nor fractional banking, and respects your privacy on top)
I highly recommend to read more about the risks of CBDCs here: https://www.cato.org/study/risks-of-cbdcs