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What are CBDCs? The guide you need
CBDC = Central Bank Digital Currency. Basically, it's the money you already know (euros, dollars, pesos) but in digital version and running on blockchain.
The key difference:
How do they work? They are like a hybrid: they have blockchain technology ( security, speed ) but with state backing. Private transactions, but monitored by authorities.
Why they matter: Governments see CBDCs as a way to modernize the financial system, improve international payments, and have more control over the flow of money.
Some countries are already testing: China with the digital yuan, Europe with the developing digital euro, etc.
TL;DR: CBDC = The money of the future, but with Big Brother watching. Crypto + State control = CBDC.