CBDC and Crypto.. by reeta0119

hive-167922 · @reeta0119 · Mar 18 '22

$15.54

CBDC and Crypto..

While crypto is growing gradually despite the fact that few countries are not in favor of it. Crypto as of now is like - either you love or hate but you can not ignore it and this current situation is surely the same. While the many talks about crypto are going on and similarly CDBC is also could another thing that is being considered by many countries. India is already on the list of countries working to bring their digital fiat currency and the US is also working on it. Probably we can see the digital version of USD this or maybe next year that's 2023.

![image.png](https://images.hive.blog/DQmZhFAjFpraUb73o4pw1q1kSWSuYquXsEcakzyFatgZgS5/image.png)

[src](https://images.app.goo.gl/Ctk4jXG8QfCSGsyS9)

Many people believe that digital currency which is also known as CDBC is the same as a cryptocurrency but this is not the case. Both are in digital form but have a different mechanism and use case. while the crypto is decentralized but this digital currency will be controlled by the government. So the major difference in both is in form of controllership and this is surely one of the parts that can't be ignored.

> The digital currency only has features that are similar to actual currency, so India's digital currency refers to a digital rupee, and the same is true for the dollar, which can be available in digital format. It can be used to purchase goods and services.

If we talk about the use case of digital currency or CDBC then it remains the same and the way we use fiat in physical form. The value of fiat is not volatile like crypto but so anything that we hold in this will carry the same value however while converting to another currency there may be some value variation. In the case of crypto, we know that it's highly volatile and because of this value will keep on fluctuating.

It's likely to happen that in this year 2022 India might launch its CDBC and if there would be an option to buy crypto using this then I believe it will make the crypto trade transactions easy and fast. Digital currency is legal tender so we can use it for any purpose wherever fiat can be used and with the digital existence, it will also be easy to use. With CDBC government will save a lot on the admin expenses and distribution which is a cost-effective solution.

![image.png](https://images.hive.blog/DQmSEtPzTHxX13Gqigf9uC6LHMEjEBhRTkiq84jky28axjW/image.png)

[src](https://images.app.goo.gl/6v8EGpWneD68M8YY7)

In the 21st century, things are getting transformed into digital form and CDBC is a method to bring fiat in digital. Crypto is already digital and has no physical existence but still growing and similarly, we can expect the same with CDBC as well. Crypto is not legal tender and it has a long way to go even there are many countries that are not ready to make crypto legal tender because they are treating crypto as a threat to their fiat currency.

*Basically, I believe that both are good for us and even if the govt has different policies for both and having both available will bring more convenience for us. I would love to use digital currency to buy crypto however I expect that the Indian govt should not make the transaction expensive. Since they have already put in a big rate of tax on crypto so having a transaction fee will not be a good move. The world needs a more crypto-friendly environment and policies so that things can be easier for people in the crypto space.*

**Thank you so much**
*Stay Safe*

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@reeta0119/cbdc-and-crypto)

👍 newhope, bagholders, crypto.piotr, alokkumar121, unbiasedwriter, lupafilotaxia, rbalzan79, amestyj, kenny-crane, madridbg, scripsio, chucho27, reeta0119, arunava, anyelina93, carlir, carlos84, project.hope, sandracarrascal, alexaivytorres, ygalue90, josevas217, emiliomoron, cryptotime143, dimarmaca, zdaniela1990, yusvelasquez, pundito, certain, luckyali, alaiza, rubenp, rob23, cristanza42, jgb, sidalim88, listnerds, crassipes, marianaemilia, emimoron, chaodietas, pietroconti, fengchao, tfame3865, chrysanthemum, creativeblue, parauri, escapeamericanow, marna, garybilbao, alandesign, dgalan, dinglehopper, pcste, sorprendente, kiokizz, franyeligonzalez, lennyblogs00, adesojisouljay, glassblock, steemitboard, qsyal, pardinus, agrovision, and 99 others

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properties (23)vote details (163)

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garagebill	15,537,999,800	60%
pcste	25,170,764,728	54%
pixiehunter	14,965,208,800	60%
anotherjoe	6,767,708,722	54%
oldtimer	688,384,813	19%
escapeamericanow	36,231,408,473	54%
metabs	3,700,594,118	45%
moondancer762	4,769,844,464	60%
develcuy	549,554,118	72%
okean123	12,552,850,218	32.4%
fortinbuff	1,194,736,991	54%
newhope	2,991,019,435,863	27%
tiamaria	12,339,431,289	60%
steemitboard	20,333,768,517	3%
siriusgaia	1,995,295,555	100%
gbenga	1,588,805,088	72%
lizanomadsoul	1,174,418,372	2%
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arunava	251,992,724,872	18%
joeyarnoldvn	571,331,153	1.66%
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tfame3865	47,407,316,668	50%
qsyal	19,326,110,585	45%
kiobot	848,571,549	27%
valchiz	5,543,710,053	40.5%
chamudiliyanage	3,456,509,840	60%
dinglehopper	26,620,084,792	36%
cjsean	1,182,357,240	25.2%
carlos84	219,727,945,226	50%
mtl1979	947,565,917	22.5%
fredkese	983,150,698	11%
hendersonp	7,632,414,533	50%
amestyj	338,004,772,275	50%
sandracarrascal	186,034,079,143	50%
madridbg	304,496,837,932	50%
tolustx	4,214,813,994	45%
phgnomo	12,249,049,901	45%
benie111	11,070,048,044	45%
dudeontheweb	2,397,708,503	4.8%
adityajainxds	6,619,398,464	80%
gamsam	1,028,319,096	45%
adesojisouljay	20,861,106,995	50%
manncpt	1,985,109,574	2%
trabajosdelsiglo	4,663,045,265	45%
victorialegend	6,827,261,121	60%
shaidon	5,385,367,149	8%
rbalzan79	339,016,259,673	50%
lanzjoseg	15,302,074,656	11.25%
emiliomoron	145,861,165,577	50%
anna89	4,589,168,153	100%
pundito	102,509,908,190	45%
sunrawhale	1,904,911,470	100%
steempampanga	2,483,240,614	36%
alexaivytorres	175,937,323,070	50%
yohan2on	7,923,774,426	45%
oadissin	1,183,760,782	4%
ygalue90	167,524,446,371	50%
josevas217	160,671,993,165	45%
karupanocitizen	8,882,774,012	50%
paragism	509,456,025	36%
franyeligonzalez	22,591,056,963	50%
sd974201	1,291,612,265	3%
anyelina93	250,547,292,146	50%
garybilbao	35,250,628,051	75%
kennybot	16,793,398,854	60%
globalschool	912,301,041	1%
sbi4	17,493,206,031	1.9%
ritxi	3,281,764,983	100%
crypto.piotr	807,448,707,718	72%
minerthreat	18,072,721,065	36%
yusvelasquez	103,055,519,387	50%
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hardaeborla	4,035,972,076	25%
foxicoreviews	578,066,292	36%
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dianadora	7,650,501,462	100%
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abacam	1,052,610,493	100%
abcor	5,448,855,484	100%
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mastersa	2,264,261,059	44%
pardinus	18,863,959,426	10%
cyberspacegod	1,244,297,048	100%
liberlandpress	9,385,674,520	27%
lebey1	3,656,110,940	31.5%
quatro	2,079,199,080	28.8%
rubenp	89,995,134,470	50%
erica005	5,298,098,413	43.2%
deathcross	560,365,869	100%
carlir	239,014,370,147	50%
lupafilotaxia	415,693,427,733	50%
alaiza	90,028,932,195	50%
alokkumar121	587,120,196,572	50%
crassipes	70,735,584,399	50%
dosh	863,629,885	8%
unbiasedwriter	499,961,116,805	50%
creativeblue	37,768,126,968	45%
chucho27	266,588,420,737	50%
agrovision	18,452,636,307	50%
marianaemilia	56,501,719,225	8%
dgalan	26,973,033,642	50%
eliasseth	4,685,388,769	40%
certain	99,624,860,113	100%
noeliazul	934,878,255	22.5%
pablo1601	12,814,156,947	22.5%
hedidylan	512,120,708	18%
mintymile	1,122,470,493	36%
esclavos75	4,055,391,221	22.5%
cabalen	924,773,885	25.2%
jadung	2,338,291,145	36%
scripsio	296,234,271,680	54%
pastoragus	697,741,960	18%
bagholders	1,299,528,741,846	60%
reeta0119	256,535,009,599	50%
tinster	1,048,285,304	36%
project.hope	188,070,702,933	72%
bilpcoinrecords	807,604,438	13.5%
jgb	82,857,136,360	47.5%
doppley	879,686,829	45%
fengchao	50,691,981,727	5%
hivebuzz	6,087,987,126	2%
luckyali	97,983,377,205	50%
anahid	2,072,412,260	45%
emimoron	53,380,959,960	50%
iamdanny	1,084,437,469	20%
nazaleo	4,660,799,420	50%
talktofaith	968,649,773	100%
splinterstats	9,937,334,474	27%
chaodietas	52,870,291,456	50%
myupvote2u	1,567,012,708	50%
great-a	9,103,999,635	100%
flaxz.ctp	123,654,132	10%
alphaleo	13,165,915,203	36%
mccoy02	17,957,527,402	45%
mejiasclaudia	895,709,075	4%
rob23	87,428,385,760	100%
carlosro	575,397,871	8%
brucolac	612,912,887	2.4%
panconcajeta	933,752,106	72%
alandesign	31,721,961,464	100%
lennyblogs00	21,275,032,446	50%
robertmendontza	11,834,351	100%
jlvillamizar	2,705,739,904	72%
holovision.list	89,744,388	50%
chrysanthemum	40,390,422,883	100%
cristanza42	86,369,278,389	50%
sannae.art	2,619,312,327	100%
sketchygamerguy	2,382,346,946	33%
sidalim88	77,062,452,990	50%
carmary	13,704,097,995	75%
carlinhusss	3,328,738,278	100%
dimalgio	851,688,425	50%
listnerds	72,065,616,707	15%
pietroconti	52,048,369,676	50%
lordtimoty	7,215,131,665	2%
amjdancer	3,477,148,855	100%
cryptotime143	126,066,592,500	80%
marna	35,330,386,358	50%
zdaniela1990	105,588,866,274	50%
glassblock	20,839,915,009	50%
dimarmaca	106,576,332,916	50%

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