Thus, through the use of law, banks will be obliterated.
This is why I think Nigeria will not move forward with the CBDC plan and if they do, chances are that they didn’t factor the possibility of this happening. So they will most likely revert it again lol....but sadly at that point a larger portion of the population will have become crypto aware
It will be interesting to see who does and who does not. The US is still standoffish about it. It looks like Europe might jump in after the Chinese.
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Europe-- most especially the EU-- went into negative interest rates big-time, so it's no surpise that Europe would go into CBDCs sooner than the US.
However, I'm still surprised that Switzerland went negative. Given their sound money tradition and steadfastness in maintaining banking privacy, I thought the Swiss knew better. It looks as if Switzerland is now just another country as far as banking is concerned.
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