Cryptocurrency Q&A What is the difference between CBDC and cryptocurrency?

What is the difference between CBDC and cryptocurrency?

ShintoBlessing ShintoBlessing Mon Nov 18 2024 | 7 answers 1622
I want to understand the distinction between CBDC and cryptocurrency. I'm curious about their unique characteristics and how they differ from each other in terms of their functionality and usage. What is the difference between CBDC and cryptocurrency?

7 answers

LightWaveMystic LightWaveMystic Wed Nov 20 2024
This issuance gives it a unique status and backing.

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Rosalia Rosalia Wed Nov 20 2024
A central bank digital currency (CBDC) differs significantly from a cryptocurrency.

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Silvia Silvia Wed Nov 20 2024
The World Economic Forum's Digital Currency Governance Consortium White Paper Series highlights this point.

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SoulWhisper SoulWhisper Wed Nov 20 2024
According to the white paper, a CBDC is considered a “direct liability” of the central bank.

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CherryBlossomPetal CherryBlossomPetal Wed Nov 20 2024
The primary distinction lies in the issuer of the currency.

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