What is a CBDC?
1) Digital Currency.
2) Issued by the Central Bank.
3) Universally accessible.
It is central bank money, therefore a public form of money which is issued directly by the central bank. General purpose CBDC assumes access for households and businesses.
How do CBDC operate ?
At first the Central Bank`s Digital System will operate alongside other forms of money - cash, cheques, crypto currencies and the functioning of the banks.
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