Central Bank Digital Currency (CBDC) Definition
A Central Bank Digital Currency (CBDC) is a digital form of a country's fiat currency, issued and backed by the central bank, representing a direct liability of
A Central Bank Digital Currency (CBDC) is a digital form of a country's fiat currency, issued and backed by the central bank, representing a direct liability of the monetary authority, unlike commercial bank deposits or private cryptocurrencies. CBDCs are designed to serve as a risk-free, widely accessible, and universally accepted digital medium of exchange, store of value, and unit of account for the general public or for interbank settlements.