Vitalik: CBDC is becoming the “front end” of the traditional banking system

Odaily Planet Daily News Ethereum co-founder Vitalik Buterin said in an interview with CNBC that the central bank digital currency (CBDC) has not developed the way he once hoped. He used to be more optimistic about CBDCs, but now he thinks they have mostly become the "front end" of the traditional banking system. According to Vitalik, CBDC may not be a private digital asset. Instead, a CBDC would allow governments and businesses to monitor users’ financial transactions. (The Daily Hodl)