00:00The rise of central bank digital currencies, or CBDC, is reshaping global finance.
00:04While some see them as innovation, for Bitcoiners they represent real dangers.
00:08Today, let's break down the top 5 CBDC in development and why they matter.
00:12First, China's digital yuan, or ECNY.
00:16Already in advanced trials used to cost multiple cities, the digital yuan is tightly integrated with government systems.
00:21It allows direct monitoring of transactions, enforcing strict identity controls.
00:25For Bitcoiners, this is the opposite of financial freedom, programmable, censored, and centrally controlled money.
00:32Next, Russia's digital ruble.
00:34Russia is pushing forward with pilots, though full rollout has been delayed to around 2026.
00:39The design includes programmable features and thresholds for adoption.
00:43It is not a public blockchain, it is a centralized tool of control.
00:46For Bitcoiners, it represents how governments can impose strict oversight and push people away from decentralized alternatives.
00:52Third, the digital euro.
00:53The European Central Bank is deep into legal and technical preparation, with the launch target around 2028 or 2029.
01:01Privacy is promised, but under the conditions of AML and KYC compliance.
01:05At best, it will coexist with cash, or at worst, it becomes a way for governments to monitor transactions at scale.
01:11Compared to Bitcoin, the digital euro keeps the inflationary model of few currency without the hard cap that Bitcoin is value.
01:16Worth, India's digital ruby.
01:18India has been piloting both retail and wholesale versions, focusing on remittances and everyday payments.
01:24But again, the system is centralized, permissioned, and fully monitored.
01:28The state has direct visibility over how money moves, which undermines financial sovereignty.
01:32Bitcoiners see this as another form of surveillance finance.
01:35And finally, Brazil's Drex, the digital real.
01:38Currently in pilot, Drex was first planned to be blockchain-based, but Brazil's central bank has now chosen a centralized model to speed things up.
01:44Even more concerning, the code includes functions that allow authorities to freeze funds or even reduce sponsors.
01:51While it promises interoperability with public blockchains, that will only happen under strict KYC rules.
01:56For Bitcoiners in Brazil, Drex is a direct challenge to the core principle of censorship resistance.
02:01So what's the danger?
02:03CVDC, by design, give governments more power the ability to track every transaction, impose spending rules, freeze assets, or inject money directly with program conditions.
02:11They strip away privacy, reduce sovereignty, and threaten alternatives like Bitcoin by presenting a state-backed, legally enforced competitor.
02:19But here's the paradox.
02:20By highlighting the risks of centralized money, CVDC may also push more people to Bitcoin.
02:25Because unlike CVDC, Bitcoin has a fixed supply, open access, and resistance to censorship.
02:30The future will be a tug-of-war between state-controlled digital money and decentralized alternatives.
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