What are CBDCs?

What Are CBDCs?

CBDCs (central bank digital currencies) are digital versions of a country's fiat currency issued by the central bank. They are not decentralized cryptocurrency. India is exploring a digital rupee. CBDCs could coexist with or compete with crypto in payments. Their impact on crypto is unclear. When you invest in crypto, you are taking a different risk than holding CBDCs or bank money.

Related FAQs

Your crypto journey starts here!