Search: CBDC
RBA Glossary definition for CBDC
CBDC – Central Bank digital currency - used to refer to a digital version of fiat currency, a form of digital money that is a liability of the central bank rather than a commercial bank and which is legal tender. Similar to cash and commercial bank deposits, a CBDC would be denominated in the sovereign currency and convertible at par with other forms of money.
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Valuing Safety and Privacy in Retail Central Bank Digital Currency
11 Apr 2024
RDP
2024-02
The results suggest that the average consumer attaches no value to the added safety of a CBDC. ... Privacy settings of a CBDC, which can take various forms, look more consequential for the CBDC value proposition.
https://www.rba.gov.au/publications/rdp/2024/2024-02.html
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