What is the Central Bank Digital Currency, CBDC?

⁣Richard Andreas Werner is a German banking and development economist who is a university professor at De Montfort.

He explains what the Central Bank Digital Currency, CBDC looks like.

A central bank digital currency (CBDC) (also called digital fiat currency or digital base money) is a digital currency issued by a central bank, rather than by a commercial bank. A report by the Bank for International Settlements states that, although the term "central bank digital currency" ... Wikipedia

December 2022