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 ZeroHedge: UK Inflation Comes Out Lower. But Was This Just the Warm Up? READ MORE Gold Consolidates After Record High Amid Rate Cut Speculations READ MORE The Scene of THE CRIME READ MORE Poorer Americans Bear the Brunt of High Interest Rates READ MORE Federal Reserve Shifts Focus Away from Recession Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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