Many central banks around the world are now engaged in some type of CBDC exploration. Time and again, they have claimed that digital currencies could provide far better oversight into monetary movements. Governments that seek to combat money laundering and corruption have all come to the conclusion that CBDCs can help them trace illicit activities.
The popularity of CBDCs has a lot to do with Bitcoin’s recent performances, despite the fact that the two are as different as any assets can be. And yet, one’s popularity has fueled the other, partly because many regulators and countries still see Bitcoin as a tool for illegal activities.
Consider this – A recent study was able to condense the most common destinations to which criminals have sent Bitcoin over the years. These include,
