CBDC’s Certified Bank Digital Currency – a Lot of Noise But is it Really Happening?

Central bank digital currencies (“CBDCs”) are defined as a digital liability of a central bank that is widely available to the general public. In this respect, it is analogous to a digital form of paper money. In some respects, they are digital tokens, similar to what we all know as cryptocurrency, with the key difference being that they are backed by a central bank.

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