Another difference is lack of competition. With a CBDC the FED or equivalent will be king. Currently there are a bunch of banks that handle money and at the end of the day/week/month/quarter/year/etc have to balance. Whomever controls the CBDC won't have to worry about balancing or any regulations. They will just print/burn money to their hearts content.

Another difference is lack of competition. With a CBDC the FED or equivalent will be king. Currently there are a bunch of banks available.