This article discusses the banning of digital assets and the implications for central bank digital currencies (CBDCs). The author argues that while Bitcoin is essentially unbannable, CBDCs can be regulated and restricted by governments. The author suggests that the implementation of CBDCs needs to prioritize privacy protections, as current proposals fall short in this regard. The article mentions that President Trump's decision to cancel the digital dollar could influence other nations to do the same, potentially weakening the case for the EU's digital euro. The author emphasizes the importance of incorporating advanced privacy technologies, such as zero-knowledge proofs (ZK proofs) and fully homomorphic encryption (FHE) in the development of the digital euro. The article concludes by urging the EU to ensure that its CBDC prioritizes security, privacy, and robustness to avoid potential cancellation.



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