Central Bank Digital Currencies (CBDCs): Reshaping the Landscape of Traditional Banking
Central Bank Digital Currencies (CBDCs) represent a transformative shift in the traditional banking landscape. Unlike decentralized cryptocurrencies, CBDCs are digital forms of a country’s fiat currency, issued and regulated by the central bank. The rise of CBDCs raises questions about their impact on monetary policy, financial stability, and the broader economy. Motivation for CBDCs: Central…