CBDCs: A Greater Threat to Banks Than Crypto
CBDCs: A Greater Threat to Banks Than Crypto
🏦 Banks on thin ice?
Central Bank Digital Currencies (CBDCs) could pose a significant threat to traditional banking systems, potentially rendering them obsolete. As governments explore the possibility of becoming direct lenders through CBDCs, the role of commercial banks may diminish.
Key points:
- CBDCs could bypass traditional banking infrastructure
- Governments may become direct lenders to citizens
- Commercial banks risk becoming obsolete
This development follows earlier concerns about the risks of keeping money in banks, including fund seizure and withdrawal restrictions.
While CBDCs could offer economic benefits, their implementation may reshape the financial landscape, particularly impacting the commercial banking sector.
“The risks of putting money in a bank include fund seizure, withdrawal restrictions amongst others.” - @klodio at the @DPGpodcast. youtu.be/ueMYl5IO_wA
“CBDCs pose a greater threat to banks than to crypto. Eventually, the government could become your direct lender, rendering banks obsolete.” @klodio at the @DPGpodcast. youtu.be/Zk5JKZ2tWlE
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