As the global economy rapidly digitalizes, Central Bank Digital Currencies (CBDCs) are gaining attention as a key issue in the financial policies of various countries. CBDCs are not just technological experiments; they are serious initiatives to transition traditional fiat currencies into the digital realm, fundamentally transforming the financial system.
What are CBDCs: Fiat Currency in the Digital Age
Central Bank Digital Currencies (CBDCs) are digital versions of a nation's fiat currency. They refer to currencies issued and managed directly by the country's central bank in electronic form, replacing physical banknotes and coins. While possessing the same legal authority as traditional cash, they leverage the convenience of digital technology.
Main features of CBDCs