Central Bank Digital Currency (CBDC)

Short Description:

CBDCs, or Central Bank Digital Currencies, are digital representations of fiat currency issued by central banks.

Main Description:

CBDCs, or Central Bank Digital Currencies are digital representations of a country’s fiat currency that are issued and regulated by the central bank. CBDCs leverage blockchain or distributed ledger technology to enable secure and efficient digital transactions. CBDCs also enable central banks to exercise greater control over monetary policy and monitor the flow of funds.