Report post

What is the difference between a central bank digital currency and cryptocurrency?

The main difference between a central bank digital currency and a cryptocurrency is that a CBDC is – as its name implies – issued by a central bank. This means it is also a “direct liability” of the central bank, as the World Economic Forum’s Digital Currency Governance Consortium White Paper Seriespoints out.

What is the difference between CBDCs and cryptocurrencies?

But there is a big difference between CBDCs and cryptocurrencies. What’s the difference between CBDCs and cryptocurrency? The main difference between a central bank digital currency and a cryptocurrency is that a CBDC is – as its name implies – issued by a central bank.

What is a central bank digital currency (CBDC)?

A central bank digital currency (CBDC) is a form of digital currency issued by a country's central bank. It is similar to cryptocurrencies, except that its value is fixed by the central bank and is equivalent to the country's fiat currency. Many countries are developing CBDCs, and some have even implemented them.

The World's Leading Crypto Trading Platform

Get my welcome gifts