Mexican businessman Ricardo Salinas criticized Europe for its leaning towards Central Bank Digital Currencies (CBDCs) and weak investment vitality. He compared Europe to a museum and European regulators to zookeepers enforcing CBDCs on residents. Salinas believes that Bitcoin is the way out for Europeans, allowing them to move their values to a different universe. While European regulators aim to bring order to the crypto sector, Salinas sees their cautious approach as limiting the opportunities associated with cryptocurrency. He is critical of the upcoming adoption of the EU CBDCs and sees it as a threat to privacy. The EU aims to use CBDCs to boost the efficiency of traditional currencies and gain more control over transactions. However, historical examples of CBDCs implemented in other countries have not been inspiring. A recent survey shows that while most central banks are still working on CBDC projects, around 15% have turned against the idea of launching CBDCs at all, citing privacy concerns and the poor experience of other countries. Europe is not expected to introduce its CBDC program before India, Brazil, and Russia.



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