#Central Bank Digital Currencies (CBDCs)
A central bank digital currency (CBDC) is a form of electronic money issued by a country’s central bank and used as legal tender within the nation. CBDCs are not necessarily cryptocurrencies, although some may have features that are similar to those found in many blockchain-based technologies. These features include decentralization, immutability, transparency, and security. The main difference between CBDCs and other forms of digital currencies is that they are regulated by governments rather than private entities or individuals. This regulation allows for greater control over their use and circulation both domestically and internationally.
##History
The concept of CBDCs has been around since the late 1990s but the first real implementation was made in 2009 when China’s Central Bank released its own version called “e-RMB” which worked similarly to cash payments but with increased traceability due to its digital nature. Since then several countries such as Japan, Thailand, Canada among others have announced trials or projects on this topic with varying degrees of success so far.
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