Central Banks Digital Currency (CBDC) Definition

Central Banks Digital Currency (CBDC)

Definition of what Central Banks Digital Currency (CBDC) stands for (in finance):

Virtual currencies issued by central banks to enhance efficiency in payments and monetary policy implementation. Two types exist: wholesale CBDC (for financial institutions) and retail CBDC (for general public use). Examples include China’s e-Yuan and the European Central Bank’s proposed digital Euro.

More Term Definitions

• Electronic Wallet (e-Wallet) Definition
• Initial Public Offering (IPO) Definition
• Insurtech Definition
• Cognitive Computing Definition
• Automated Clearing House (ACH)