In recent years, the idea of CENTRAL BANK DIGITAL CURRENCIES (CBDCs) has been gaining significant traction. These are digital forms of national currencies issued and regulated by a country’s central bank . As global financial systems continue to evolve, the impact of CBDCs on the world’s financial markets is expected to be profound. But what exactly are CBDCs , and how will they affect you, the investor , student , or just someone curious about the future of money? Let’s dive in and explore the future of CBDCs , how they work, and what they mean for global financial markets. 🤔 WHAT ARE CENTRAL BANK DIGITAL CURRENCIES (CBDC)? A Central Bank Digital Currency is essentially the digital equivalent of a country's fiat currency . Unlike cryptocurrencies like Bitcoin or Ethereum , which are decentralized , CBDCs are issued and controlled by a country's central bank. They exist purely in digital form and are meant to be a secure and efficient way for people and busi...
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