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Central Bank Digital Currencies and Concerns about Privacy

by CBDC Insider Staff
July 13, 2020
in Business
Reading Time: 1min read
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Central Bank Digital Currencies and Concerns about Privacy
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Central Bank Digital Currencies, or CBDC, were predicted to be the most important payment trend, and as a result, inevitably elicited mixed reactions. The latest news regarding CBDC provoked rising concerns about privacy.
To clarify, CBDC can be understood simply as a new form of a central bank’s currency, but with a combination of two key elements: digital money and blockchain technology. In other words, CBDC is a cryptocurrency based on blockchain technology, issued and guaranteed by a central bank.

Continue read: https://bitboycrypto.com/central-bank-digital-currencies-and-concerns-about-privacy/

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