Central Bank Digital Currency

Central Bank Digital Currency (CBDC) is a type of digital currency issued by a specific central bank. Although it is similar to cryptocurrencies, its value is determined by the central bank and is equivalent to the traditional currency of that country. Many countries are seeking to innovate their central digital currencies, and some have succeeded in implementing this. With the continuous increase in interest in central bank digital currencies, it becomes essential to provide a clear understanding of these currencies and their impact on society.