The goal of this article is to provide an introduction to CBDCs: what they are, how they could offer new policy tools, and what we’ve seen so far in terms of countries’ progress on CBDCs. But first, it’s worth noting that CBDCs are not necessarily cryptocurrencies. If a CBDC is built on the blockchain — i.e. a public ledger of all transaction history associated with a specific currency — then it would likely be considered a cryptocurrency. However, if a CBDC is built simply as a “digital dollar,” then it may not technically fall into the “crypto” classification.
What are Central Bank Digital Currencies (CBDCs)?
What are Central Bank Digital Currencies…
What are Central Bank Digital Currencies (CBDCs)?
The goal of this article is to provide an introduction to CBDCs: what they are, how they could offer new policy tools, and what we’ve seen so far in terms of countries’ progress on CBDCs. But first, it’s worth noting that CBDCs are not necessarily cryptocurrencies. If a CBDC is built on the blockchain — i.e. a public ledger of all transaction history associated with a specific currency — then it would likely be considered a cryptocurrency. However, if a CBDC is built simply as a “digital dollar,” then it may not technically fall into the “crypto” classification.