Forbes Explains CBDCs: Understanding the Rise of CBDCs Central Bank Digital Currencies (CBDCs) are digital versions of a country’s fiat currency, issued and regulated by the central bank. Unlike decentralized cryptocurrencies, CBDCs are centralized and government-controlled, designed to modernize financial systems and enhance monetary policy effectiveness. They offer the same functions as traditional currency but in digital form. However the potential for abuse remains. The centralized control of CBDCs could lead to abuse by governments or unelected officials. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Druckenmiller Makes Bet on Gold Miners READ MORE Gold Prices Poised for Weekly Gain Ahead of Fed Decision Catalyst READ MORE Fed Officials Debate Future of Goods Price Declines Amid Inflation Fight READ MORE What is the Best Gold and Silver to Buy? READ MORE Biden Has Forgiven $136 Billion in Student Debt – More Could Be on the Way READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment