In recent years, central bank digital currency (CBDC) has risen to prominence as a policy and operational consideration for central banks, ministries of finance and other institutions because of its potential to address both long‑standing and new challenges such as financial inclusion and payment‑system stability. CBDC is a digitized version of sovereign currency, created and issued by, and a liability of, the country’s monetary authority. CBDC differs from other forms of digital or virtual currencies, including cryptocurrencies such as bitcoin and “stablecoins”, which are not issued by central banks or typically con ... (full story)