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CBDC
abbreviation for
- central bank digital currency: a digital currency that is issued, regulated, and stored directly by a central bank, such as the United States Federal Reserve, and is generally accessible to the people served by that central bank.
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Usage Note
's the difference between virtual currency, digital currency, and CBDCs? See digital currency ( def ).
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Word History and Origins
Origin of CBDC1
First recorded in 2015–20
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Example Sentences
Examples have not been reviewed.
A Central Bank Digital Currency, or CBDC, is a digital currency run by the central bank of a country.
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China has made the most progress with its CBDC.
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China has made the most progress with its CBDC.
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The Atlantic Council says 130 countries are in some process of exploring a CBDC, with 21 in the pilot stage.
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Among UK respondents who opposed launching a CBDC, the top reason cited by almost half was a belief that their introduction would not address a compelling need.
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