Central Bank Digital Currency — a government-controlled digital form of fiat money. Unlike crypto, CBDCs are centralized. China's digital yuan and the EU's digital euro are leading examples in development.
Central Bank Digital Currency — a government-controlled digital form of fiat money.
Unlike crypto, CBDCs are centralized.
China's digital yuan and the EU's digital euro are leading examples in development.
Understanding this concept is essential for anyone entering the crypto space. It forms the foundation upon which more advanced topics like DeFi, trading, and security are built.