All Your Money Will Be Taken and You Will Be Declared Bankrupt

 

CBDC lags far behind the crypto market which is why we see a surge in interest in “managed digital money.” Why do I call CBDC a managed system?

 

The state wants to get full control over our finances by any means. Interest, fees, taxes - all this they charge for the fact that we use their fiat.

 

I want to emphasize that the money that is now in a bank account or in a safe at home is still not yours.

 

Cryptocurrency in this matter gives a clear understanding that no one can take away what you have earned from you. Moreover, no one has any plans to tax your earnings.

 

The recent example of the Brazilian central bank showed that you cannot trust anyone with your money. After the launch of the CBDC pilot project, concerned citizens found that user accounts began to be blocked and target balances were reduced.

 

Louis Tsu, CEO of the Venom Foundation, believes that CBDC will open up access to micro payments at a lower lending rate, “There is a downside to this coin: in this way, we will gradually become accustomed to borrowing more. At first it will be $100, and after $1000, and subsequently a person will not be able to get off the financial “needle.”

 

I believe there is a plan to move all your cash into digital. And as soon as this happens, the lid will slam shut and the game of survival will begin. Those who can quickly master the DeFi market, will survive.

 

#DeFi #CBDC #VenomFoundation #Blockchain #BTC #Brazil #Crypto