According to Patrick McCorry, central bank digital currencies (CBDCs) are facing criticism due to concerns that they grant central banks extensive access to individual transaction data and the ability to restrict payments for specific activities. McCorry notes that while there are arguments against CBDCs due to these privacy and control issues, he does not fully agree that they should be outright banned. For cryptocurrency traders, ongoing debates about CBDC implementation highlight the growing interest in decentralized alternatives like BTC and ETH, as investors may seek greater privacy and autonomy than CBDCs can offer (source: Patrick McCorry).