To think that I was so happy to read that some central banks were already implementing the new system and that our corrupted country is running a one year project in order to tailor the CBDC system to their liking before implementing it. I thought that this would give added legitimacy to crypto which could benefit Hive and other coins.
Now after reading this, I realize that we are in trouble, as much that you mention will most defintely take place here.
I am not sure we are in trouble. The reality is that crypto is still spreading and growing. It is not going away. This is outside the reach of the governments and they know it (or maybe they are so arrogant they dont know it).
We are going to see a massive paradigm shift in the next couple years I believe. People are going to wake up one day and realize this is everywhere.
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Oh they know my friend. The taxman here has recently released new crypto laws and all crypto transactions must be included in one's tax return forms. It is regarded as income and the government wants their slice.
I just hope that they leave our charity out of their deliberations, as it is tough here.