What is Central Bank Digital Currency (CBDC)?

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A Central Bank Digital Currency (CBDC) is a digital form of a country's fiat currency, issued and backed by the central bank, representing a direct liability of the monetary authority, unlike commercial bank deposits or private cryptocurrencies. CBDCs are designed to serve as a risk-free, widely accessible, and universally accepted digital medium of exchange, store of value, and unit of account for the general public or for interbank settlements.

Central Bank Digital Currency (CBDC)

What is Central Bank Digital Currency (CBDC)?

How will a Central Bank Digital Currency (CBDC) impact the foreign exchange (FX) market and global currency dominance?

What is the fundamental difference between a CBDC, commercial bank money, and private cryptocurrencies like stablecoins?

How does the introduction of a CBDC complicate or enhance a central bank's ability to conduct monetary policy and maintain financial stability?

Which countries are leading the development of CBDCs, and what specific numbers illustrate the scale of their pilot programs?

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