11 potential impacts on crypto and the market from the rise of CBDCs

In June 2023, the Atlantic Council, primarily based in the US, introduced the outcomes of a research on world nations’ curiosity in and progress towards creating their very own central financial institution digital currencies. Eleven nations have already launched CBDCs; 130 others are within the exploratory section, and about half of these have begun the event course of.

Market watchers cite a number of elements behind governments’ push towards CBDCs, from the lowering use of money by the overall inhabitants to geopolitical tensions and occasions. Regardless of the underlying causes, although, crypto business gamers have to keep watch over developments and think about how the rise of CBDCs might affect the business and world market. Right here, 11 members of Cointelegraph Innovation Circle share their predictions for attainable outcomes from the ever-expanding growth and introduction of CBDCs.

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