@tencabrackh
From a regulatory perspective, CBDCs strengthen governments’ ability to monitor and control digital financial flows, indirectly raising the cost of using Bitcoin. Tighter integration between CBDCs and compliance frameworks may lead to stricter on-ramps and off-ramps for BTC, increasing friction for users. The competitive pressure here is asymmetrical: CBDCs do not replace Bitcoin technologically, but they make operating outside state systems more difficult.
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