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 Retirement Dreams Fade for Young Americans Amid Economic Challenges READ MORE UK Inflation Dips to Multi-Year Low READ MORE The Road to $3,000 Gold: Citi Analysts Eye Central Bank Moves and Global Economic Trends READ MORE Gold Performance Key to Silver's Rally, HSBC Reports READ MORE Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases READ MORE Add a Comment Cancel replyYour email address will not be published.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