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what are cbdc

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Cryptocurrency has been widely popular among new-age millennials for its potential to bring in a new era of financial inclusion. The idea of a currency operating independently from the central government has both attracted authorities and private institutions to re-evaluate their takes on the virtual asset class. However, price volatility & regulatory uncertainty is the very nature of popular crypto-assets across the major countries that are still figuring out ways to monitor the risks and…

Well from the title itself, you must have got the idea of this article and what CBDC stands for. What exactly is a Central Bank Digital Currency and how is it different than the existing mode of payments like Credit Cards or Cash? To start with, let’s see why CBDC’s are being launched by governments across the world. If you are reading this article, you must have heard of Bitcoin. Well, with its rising popularity…