Member-only story
| With one of the most robust DeFi platforms, Animal Farm, launching on October 18, 2022, get ahead of the game by adding funds to your MetaMask account from a bank account
I saw a tweet on Twitter saying that over 90% of the world is exploring Central Bank Digital Currency (CBDC). I believe this can have positive and negative repercussions on crypto.
On the positive side, when the masses believe that the government is doing it, they will likely perceive that as something like an ‘approval’ of crypto, albeit, they will most likely be dealing with stablecoin. This mass belief could drive awareness and adoption, and drive buying pressure on Bitcoin and all alt coins.
On the negative side, having every transaction recorded on a digital and public ledger — the blockchain, can encroach on people’s privacy if linked to the actual identity of a person. This could maybe decrease the use of crypto for money-laundering, but it would also be a window into someone’s activities. And if in the wrong hands, could also be used as leverage or subtle manipulation of an individual or a group of people, based on research of the group’s activities.
