What are CBDCs?
Central bank digital currencies (CBDCs) are a hot topic in the financial and economic world. In this blog post, we’ll explore the basics of CBDCs, how global central banks and policymakers have approached their regulations, and the implications CBDCs could have for financial professionals.
As explained in Module 2 of Oxford’s Fintech Program, a central bank digital currency (CBDC) is a digital currency issued by a country’s central bank. CBDCs are intended to be used as an electronic payment, similar to existing fiat currencies such as the US dollar or the euro.