How crypto could be good for CBDC and vice versa: Industry exec explains

December 23, 2022

By HELEN PARTZ

While some governments continue bashing crypto, some industry executives argue that crypto could be beneficial for CBDCs.

Cryptocurrencies like Bitcoin BTC$16,781 could potentially find some mutually beneficial interactions with central bank digital currencies (CBDCs), according to one industry executive.

While crypto is often associated with financial freedom, the concept of CBDC is frequently seen as the exact opposite. But this doesn’t mean that there cannot be a balance between the two, according to Itai Avneri, chief operating officer and deputy CEO of the crypto trading platform INX.

CBDCs and regulated cryptocurrencies could potentially complement each other in the future as the two types of digital currencies have their own benefits, Avneri said in an interview with Cointelegraph on Dec. 22.

To read entire article…Click Here!