CBDC stands for Central Bank Digital Currency. It is a digital form of fiat currency that is issued and backed by a central bank, and is designed to function as a legal tender in the same way as traditional banknotes and coins. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are decentralized and operate independently of central authorities, CBDCs are centralized and operate under the control and oversight of a central bank. CBDCs can take various forms, including account-based and...
