Arthur Hayes, former CEO of BitMEX bitcoin exchange, called CBDC an ideal tool for governments and an encroachment on sovereignty over fair transactions between people.
CDBC’s are “Pure Evil”, read on to find out why and what we can do to stop them.https://t.co/a1mHZkDsvI pic.twitter.com/NSFspQHZjj
— Arthur Hayes (@CryptoHayes) November 4, 2022
“For banks, CBDCs pose an existential threat to their existence as operating businesses,” he added.
It is commercial banks that Hayes considers allies in the fight against national digital currencies. In his opinion, with the introduction of CBDC, these financial institutions will become unnecessary intermediaries between people and the Central Bank.
“I believe majority apathy will allow governments to easily take our physical money and replace it with CBDC, leading to a utopia (or dystopia) of financial oversight,” he wrote.
The main difference between modern fiat and digital currencies of central banks, Hayes called the possibility of full control of the latter by the authorities.
Earlier, the ex-head of MicroStrategy and bitcoin maximalist Michael Saylor criticized CBDC for instability and doubted their success.
Recall that in September Thomas Moser, board member of the Swiss National Bank, said that central bank digital currencies would bring stability to the DeFi sector.
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