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What is the concept of the Central Bank digital currencies?
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[QUOTE="Suba, post: 333498, member: 3658"] CBDC is a type of digital currency that is operated on a private blockchain which is issued and controlled by a central bank. CBDC can also be used as a means of payment, whether buying goods or making transfers, so it functions to replace currency (paper money and coins). Like fiat money, CBDC is also a representative currency of a country. CBDC has also fulfilled standard functions as a currency such as unit of account, store of value and medium of exchange. If CBDC is distributed in a country, it will certainly become a tough competitor to ewallet platforms. So basically the CBDC concept is regulated by the central bank, be it the money supply, network, while CBDC holders will be tied to their bank accounts. [/QUOTE]
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What is the concept of the Central Bank digital currencies?
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