Browsing: CBDC


CBDC or central bank digital currency is a digital version of a country’s fiat currency, issued by the central bank of the country.

Competition in the CBDC space has started intensifying across the world. In 2020, Bahamas launched the first CBDC, the Sand Dollar. Sand Dollar is now a national digital currency for the region, holding the same value as the Bahamian dollar. Amongst large countries, China has been working towards a digital yuan since 2014. The People’s Bank of China is conducting one of the most advanced CBDC trial in the world.