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 at the crypto trading platform INX.
Comparing CBDCs to regulated primary offerings, Avneri suggested that allowing or enabling crypto funds to participate in such offerings would be beneficial for both sides. That would specifically expose such financial instruments to a wider audience, while also giving crypto investors “comfort and confidence to trade in a regulated environment.”
The exec noted that he is not familiar with any current initiative that would allow one to buy a cryptocurrency like Bitcoin with a CBDC or other potential interactions between CBDCs and crypto. “When thinking about working with governments and central banks, I believe customers must be identified as it will serve their interest and will build the needed trust in the ecosystem."
Regulated cryptocurrencies? Is it like centralized stablecoins? Like Tether?
Yeah, there is an analogue of CBDC in crypto - it's USDC, but I do not understand why Circle claims to support DeFi, if they are, in fact, run by the state
“In my vision, the CBDC ecosystem will not be different, but we have a long journey ahead of us till we get there,” INX deputy CEO said, adding that balance between CBDCs and crypto would be a “master art.”
Complement each other? USDC will just become CBDC and that's it. USDC has never been a crypto.