manaliKnowledge Contributor
What are the implications of the rise of digital currencies issued by central banks (CBDCs)?
What are the implications of the rise of digital currencies issued by central banks (CBDCs)?
Central Bank Digital Currencies (CBDCs) could revolutionize the financial system by providing a secure and efficient means of transaction. They may enhance monetary policy effectiveness, reduce transaction costs, and increase financial inclusion, but they also raise concerns about privacy and the future of traditional banking.