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 WGC: Gold Market Commentary: Higher-for-longer: Inflation not growth READ MORE BlackRock's Larry Fink Sounds Alarm on America's Mounting Debt Crisis READ MORE US Stockpile Growth and Cooling Demand Drive Oil Prices Down READ MORE Investors Flock to Gold as Middle East Tensions Escalate, Dollar Tumbles READ MORE Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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