The emergence of cryptocurrencies, such as Bitcoin and Ethereum, have undoubtedly revolutionized the way transactions are conducted. These digital assets based on blockchain technology that allows them to exist on a distributed ledger that is also secure and resistant to manipulation, have become a "headache" for the current obsolete economic system.

The use of decentralized exchanges and trading platforms has brought a new level of financial freedom to citizens, allowing them to bypass traditional banking systems and store their own money without intermediaries. However, there is growing concern that the introduction of central bank digital currencies (CBDCs) could undermine this freedom.

What are CBDCs, a central bank digital currency (CBDC) is a type of digital currency issued and regulated by a central bank. It is used as a form of legal tender, similar to physical cash, but can also be used to facilitate payments, transfers and other financial transactions. CBDCs are designed to offer an alternative to traditional financial systems and could replace physical cash and other government-issued currencies. The main difference between CBDCs and cryptocurrencies is that CBDCs are regulated by a central bank and are not decentralized, while cryptocurrencies are decentralized and are not regulated by any entity.

From a financial freedom point of view What are the risks of implementing CBDCs, there are several potential risks associated with the introduction of CBDCs. the most important is that the centralized nature of CBDCs, means that the central bank will have full control of the currency and could monitor and track transactions. This could lead to a situation where citizens are subjected to surveillance and loss of privacy in their financial affairs.

https://coinunited.io/news/es/2023-03-10/featured/cunews-us-congressman-warns-of-cbdcs-jeopardizing-financial-privacy-of-american-citizens

The crypto ecosystem would not "escape" this detrimental impact, considering that CBDCs could displace existing cryptocurrencies as a result of citizens' finances being completely controlled and would lead to a shift away from users of decentralized exchanges and trading platforms in favor of a more centralized system. End result: decreased adoption and demand for cryptocurrencies, reduced liquidity, declining value and goodbye to the financial freedom we currently enjoy with cryptocurrencies. Speculating a bit, I dare to assert that cryptocurrencies that are not backed by a good project are going to disappear.

Despite the potential risks intrinsic to CBDCs they also have some potential benefits. For example, they could provide citizens with greater access to banking services and reduce the cost of transactions, they could streamline payments and improve the efficiency of the current financial system, and they could help reduce the fraud and money laundering that is currently and unfortunately occurring in the realm of digital currencies.

It is important that we carefully consider the potential implications of CBDCs and their effect on the financial freedom of citizens. With increased oversight and control of monetary policy, CBDCs could disrupt the current global financial system by allowing governments to dictate how money is used and exchanged in economies. They also pose a threat to the underlying technology used by cryptocurrencies, as central banks will be able to monitor transactions more closely without associated risks and costs. The recent "shows of force" that led to the forced closures of Silvergate Bank, Silicon Valley Bank and Signature Bank (all cryptocurrency-friendly) are a harbinger of things to come.

🛠💯💰  Tools, Platforms and Applications  💰💯🛠 

What is marked in brackets are the invitation or referral codes and in some cases they are necessary to receive the rewards or bonuses. All promotions have referral programs with which you can earn passive earnings without investment, however I recommend that you do your own research.

• CoinInn (2x9ygk) - Bonus between $500 and $750, non-withdrawable, trading only, valid for 6 days, profits withdrawable to the portfolio of your choice.
• StormGain  (BNS16466839) - Trading - Recommended for beginners, they can start without investment, capital is acquired with the Bitcoin Cloud Miner. The capital obtained in mining is not withdrawable, only to operate on the platform, profits withdrawable to the portfolio of your choice.
• QuantFury (JRRU2593) - Trading - Bonus in cryptocurrencies or company stock worth up to $250.
• KuCoin (rBPYVZS) - Trading - They offer different bonuses.
• BingX (GHXOZE) - Trading - They offer different bonuses.
• CoinEX (85eqt) - Trading - They offer different bonuses.
• MoonXBT (z3v6ho) - Trading - They offer different bonuses.
• BiBox (0FkIPQ) - Trading - They offer different bonuses.
• PrimeXBT (526609) - Trading - They offer different bonuses.
• BitYard (kZnnxp) - Trading - They offer different bonuses.
• Furucombo (cft91oe77sps70fltak0) - Tool to integrate multiple applications of DeFi protocols into a single transaction.
• Haasonline  (20206) - Trading bot software platform.
• CoinMarketCap  (NELT6UUC) - Website for monitoring crypto asset prices with several very interesting sections (Indispensable tool for traders).  
• TradingView - Charting platform and social network (Indispensable tool for traders).
• ChangeNow - Wryptocurrency exchange platform.
• Changelly - Wryptocurrency exchange platform.
• TipMeACoffee  - Social network that rewards user contributions with TMAC.
• NFTify - To create your own NFTs store, no investment, no codes.
• Ledger (553b0c2d2056GHXOZE) - Hardware Wallet.
• BixBox02 (9qhM1vbhe20FkIPQ) - Hardware Wallet.
• Ellipal Titan (7114862.6897e230FkIPQ) - Hardware Wallet.
• Keystone (7115442.43b3fc0FkIPQ) - Hardware Wallet.

"You will ask yourself: And if I take a risk and lose...? I will ask you: AND IF YOU RISK AND WIN? Success begins with thought, because sooner or later the man who wins is the one who believes he can do it. Do not be afraid of mistakes or failure, winners are not afraid of losing, losers are, in most cases the risk comes from not knowing what you are doing, so trust yourself, learn, be patient, manage your emotions and above all, enjoy the journey, what the wise man does at the beginning, the fool does at the end" - Anonymous.

REMEMBER THAT YOU ARE ALSO REWARDED FOR READING THE PUBLICATION, CLICK ON THE "☆ TIP" BUTTON AND RECEIVE YOUR REWARD.


Author's Note: The opinion expressed here is not investment advice, is provided for informational purposes only, and reflects the opinion of the author only. I do not promote, endorse or recommend any particular investment. Investments may not be right for everyone. Every investment in the market and every trade you make involves risk, so you should always do your own research before making any decision. I do not recommend investing money that you cannot afford to chair, as you could lose the entire amount invested.

“Everyone has their own forms of expression. I think we all have a lot to say, but finding ways to say it is more than half the battle" - Criss Jami.

"Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth" - Marcus Aurelius.