Digital currencies and central banks: Competition or integration?
Central banks have started to seriously consider launching their digital currencies (CBDCs) like the digital yuan in China and the digital euro in Europe. The idea here is to control transactions and reduce reliance on cash. However, decentralized currencies like Bitcoin and Ethereum pose a threat to traditional systems because they offer greater freedom to users. Will the future see cooperation between the two sides or conflict? This is an open question, and the answer will determine the shape of the global financial system over the next ten years.
