If this trend continues cryptocurrencies would be banned everywhere in the world

in crypto •  3 years ago 

It seems that once a country launches their own CBDC (central bank digital currency) the next natural move is to ban all cryptocurrency transactions in the country.

It started with China which went as far as making all cryptocurrency-related activities illegal. Doing crypto in China can take you to jail.

And then now, it's Nigeria, which has banned cryptocurrency in the country and closing accounts of suspected crypto traders.

Imagine if every country with a CBDC has to ban crypto as did China and Nigeria. There wouldn't be anywhere in the world where crypto would be legal.

What kind of crypto-economy do you foresee IF this should happen? Is it even possible that every country after launching their own CBDC would naturally ban crypto?

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