Yes, MP3s are virtually identical. (Destiny)

by Funkmon , Saturday, March 21, 2015, 08:58 (3783 days ago) @ iconicbanana

I own CDs and records, but I blind tested myself with a pretty good speaker system, and there's no difference between ~200 kbps VBR MP3 and CD. You can hear the difference in records, that's for sure, but mostly due to the obviousness of a record playing, not the technically superior potential quality.