Abstract
Key drivers of banking reform include central bank digital currencies. When building central bank digital currencies, central banks and regulators have to negotiate essential characteristics and strategic design features to adapt to the digital revolution. CBDCs digitize fiat currency in a revolutionary central bank-supervised fashion. CBDCs may improve financial inclusion, payments, and monetary policy. The complex design of central bank digital currencies (CBDCs) includes wholesale and retail businesses, technology, and regulatory frameworks. Central banks worldwide handle central bank digital currencies differently in pilot projects and research. Confidentiality, cyber security, and traditional banking are covered in the chapter. Central bank digital currencies and digital technology are changing banking. Carefully constructed central bank digital currencies (CBDCs) may unleash their revolutionary potential.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
