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#CBDC 💠 **What is CBDC?**

CBDC stands for **Central Bank Digital Currency**, which is a type of **digital currency** issued by a country's **central bank**. It is exactly like cash but exists in **digital form** instead of paper notes.

### ✅ **Benefits of CBDC:**

1. **Fast and cheap transactions** – Money will be transferred from one place to another in a matter of seconds.

2. **Reduced reliance on cash** – The cost and hassle of printing notes will decrease.

3. **Transparency and control** – The government will easily be able to track illegal money (Black Money) and corruption.

4. **Access without a bank account** – Poor and rural people will also be able to participate in the financial system through a mobile app.

5. **Secure transactions** – The chances of counterfeit notes and fraud will decrease.

### ⚖️ **Difference between CBDC and Crypto:**

- **Cryptocurrency** (Bitcoin, Ethereum, etc.) → is decentralized, meaning it is not under the control of any government or institution.

- **CBDC** → is fully centralized and under government control.

Some countries like **China (Digital Yuan)**, **India (e₹)**, and **Nigeria (eNaira)** are already using CBDC, while many other countries are working on it.