To be really sincere I haven't taken a deep dive into Central Bank Digital Currency CBDC largely on the part that it's more of a obstruction of crypto as the traditional financial body wants to hold the currency power even though it forces it. The truth would rem Ain that the government knows they have power and the law largely makes them throw the power although even though resistance surfaces who would one complain to. We've gotten to a level that there's more realistic approach when dealing with digital currency. The concern shouldn't be for control but rather how it can easily be accessed and used by large majority. Somewhere in my mind I know everyone can work together but when the human nature sets in, it might rather be longer in accomplishing than it would have been if done more harmoniously.
It's a stride that binance has at the moment because the integration of Kazakhstan's CBDC on Binance chain would make the air lighter and bring a new ideology entirely into digital currency. As I said earlier the the government would also resist crypto but the news from Kazakhstan sheds a new light giving a different perspective.
Only trying to imagine better at the moment, crypto and bank digital current on the same level field. It's a good however because the time and experience that binance has spent on getting to the level they are shows the work and effort that has been put in the be more knowledgeable. Kazakhstan's has made me recall an axiom I love, "standing on the shoulder of giants." There are different ways for getting ahead and having a mentor who has achieved a height that one wants to attain as the leader would only get the same result.
Binance CEO CZ also tweeted, so it's actually a big one coming.
In my country it is said that follow who know road, which is the road that Kazakhstan is trudging. We still at the early stage we are still to expect to see traditional baking and crypto to align accordingly.