CBDC’s Are Coming But It’s NOT What You’ve Been Told | Here’s Why

What is a CBDC?
-A CBDC is a Central Bank Digital Currency. It’s digital money issued by a central bank.
CBDC vs Crypto
Cryptocurrencies and Central Bank Digital Currencies (CBDCs) have some similarities, but there are also some key differences between them. Here are a few ways that they differ:
• Issuer: Cryptocurrencies are decentralized digital assets that are not issued by a central authority. In contrast, CBDCs are digital currencies issued and backed by a central bank or government.
• Legal Tender: Cryptocurrencies are not legal tender, meaning that they are not recognized as a medium of exchange by governments. CBDCs, on the other hand, have the potential to be recognized as legal tender and used for everyday transactions.
• Control: Cryptocurrencies are not subject to the same level of control and oversight as CBDCs. Governments can impose rules and regulations on CBDCs, such as limits on transaction size or monitoring for illicit activities.
• Privacy: Cryptocurrencies may offer a higher degree of privacy and anonymity compared to CBDCs, which may be subject to government surveillance and monitoring.
• Technology: Cryptocurrencies use blockchain technology, which is a decentralized ledger that records all transactions. CBDCs can also use blockchain technology, but they can also be built on other types of centralized or decentralized infrastructure.

TOPICS AND TIMESTAMPS:
CBDC Not Yet 3:04

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