Why Monero [XMR] may thrive in an environment underpinned by CBDC regime
Other countries including the U.S. are also in the process of rolling out their own CBDCs. Reports of strict measures including expiry dates on digital money have raised concerns, especially privacy-related ones.
This is because CBDCs will allow governments to have dangerously more control over people through easier monitoring of their spending. So what is Monero’s role in all this? One of the biggest financial privacy and censorship fears is that CBDCs may give governments the power to silence anyone by blocking access to finances.
Monero’s privacy-centric nature makes it a highly attractive proposition for the masses especially when governments exercise draconian levels of control.A strong rally is plausible especially if the rest of the market enters recovery mode. Monero has so far maintained a substantial amount of the gains achieved since the start of 2023. It exchanged hands at $156.83, at press time.over the weekend underscores some bullish momentum.
However, it dipped slightly in the past 24 hours, confirming that most potential buyers still sitting on the sidelines were waiting for more market clarity.
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