Abstract
The article is devoted to the analysis and identification of the role of CBDC as a control mechanism for deficit spending. The author notes that banking systems face competition from decentralized cryptocurrencies, which encourages the introduction of Centralized Digital Currencies (CBDC). However, the factors characteristic of cryptocurrencies – decentralization and a high level of confidentiality – limit the competitiveness of CBDC and pose risks to the global economy. It is concluded that a rational solution would be to introduce different levels of confidentiality for the CBDC in order to ensure the security of the process of digitization of the economy. This will lead to an improvement in the situation and ensure more reliable functioning of financial systems.
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