Difference between revisions of "Central bank digital currency"
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A '''central bank digital currency''' ('''CBDC''') (also called '''digital fiat currency'''<ref>http://www.itu.int/en/ITU-T/focusgroups/dfc/Pages/default.aspx</ref><ref>https://www.ecb.europa.eu/press/key/date/2017/html/sp170116.en.html</ref> is a [[digital currency]] issued by a [[central bank]], rather than by a [[commercial bank]]. | A '''central bank digital currency''' ('''CBDC''') (also called '''digital fiat currency'''<ref>http://www.itu.int/en/ITU-T/focusgroups/dfc/Pages/default.aspx</ref><ref>https://www.ecb.europa.eu/press/key/date/2017/html/sp170116.en.html</ref> is a [[digital currency]] issued by a [[central bank]], rather than by a [[commercial bank]]. | ||
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| + | |caption=[[Agustín Carstens]], general manager of the [[Bank for International Settlements]], explains the advantages of CBDCs | ||
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Revision as of 01:28, 15 February 2022
 Central bank digital currency  (social control)   | |
|---|---|
| Interest of | • Agustín Carstens • Ernst Wolff |
A central bank digital currency (CBDC) (also called digital fiat currency[1][2] is a digital currency issued by a central bank, rather than by a commercial bank.
| Agustín Carstens, general manager of the Bank for International Settlements, explains the advantages of CBDCs |
Related Quotations
| Page | Quote | Author | Date |
|---|---|---|---|
| CBDC | “We intend to establish the equivalence with cash and there is a huge difference there, for example in cash we don’t know who is using a 100 dollar bill today ... the key difference with the CBDC is that the central bank will have absolute control on the rules and regulations that will determine the use regarding that expression of central bank liability and also we will have the technology to enforce that.” | Agustín Carstens | October 2020 |
| Central Bank of Russia | “set limits on what types of purchases can be made”: The Russian central bank authority said that parents could give the digital currency to their children with certain restrictions, such as blocking them from buying junk food....That would be a useful functionality for a customer, and of course you can come up with hundreds of other similar use cases” | Alexey Zabotkin | 2022 |
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