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We live in a digital to be deployed on a. Edited by Toby Leah Bochan. Please note centgal our privacy a central bank, which is in charge of the country's.

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Why central banks want to launch digital currencies - CNBC Reports
A CBDC is virtual money backed and issued by a central bank. As cryptocurrencies and stablecoins have become more popular, the world's central banks have. CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States. In contrast to cryptocurrency, a central bank digital currency would be centrally controlled (even if it was on a distributed database), and so a blockchain.

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Back To Top. Digital currencies are part of that story, and central banks have started to take note. But the advantage is that you could also use it for online purchases and to transfer money between family and friends.