$BTC

CBDCs: Central Bank Digital Currencies ⚡

Governments fear losing control with the spread of #Bitcoin and cryptocurrencies, so they have started launching their digital version!

What is a CBDC?

- Official digital currencies issued by central banks (like digital dollars or euros).

- Not decentralized like #Crypto, but fully controlled by the state.

Why are countries developing it?

✔️ Accurately track financial transactions

✔️ Combat money laundering and tax evasion

✔️ Compete with private cryptocurrencies