CBDC meaning in Business ?

Answer: What is Central Bank Digital Currency mean?

A central bank digital currency (CBDC) (also called digital fiat currency or digital base money) is a digital currency, still in a conceptual or trial stage of development, issued or proposed to be issued by a central bank. A report by the Bank for International Settlements states that, although the term "central bank digital currency" is not well-defined, "it is envisioned by most to be a new form of central bank money [...] that is different from balances in traditional reserve or settlement accounts."

The present concept of CBDCs was inspired by Bitcoin and similar blockchain-based cryptocurrencies, but differs from such a virtual currency and cryptocurrency in that a CBDC is or would be issued by a state and have an official legal tender status. CBDC implementations will likely not use any sort of distributed ledger such as a blockchain.

CBDCs are presently mostly in the hypothetical stage, with some in proof-of-concept programmes; however, more than 80% of central banks are looking at digital currencies. China's digital RMB was the first digital currency to be issued by a major economy. On 27 September 2021, Tajikistan announced the creation of a CBDC with the Fantom Foundation, utilizing their Lachesis consensus aBFT technology.

reference

Full Form	Category
Construction Business Development Center	Business
Consulting and Business Development Center	Business
Central Bank Digital Currency	Business
Community Business Development Corporation	Business
Conservation Bird Dog Club	Community
Cross Borders Development Consultancies	Community
Community Biodiversity Development and Conservation	Community
Community Business and Development Centre	Community
Cardiff Bay Development Corporation	Community
Cambridge Business Development Center	Community
Community Business Development Corporations	Community
Comprehensive Bleeding Disorders Center	General
Cumbria Biodiversity Data Centre	General
Coastal Bend Detention Center	General
Crested Butte Dance Collective	General
Chronic bullous disease of childhood	Medical
Canadian Bomb Data Centre	Regional
Canadian Board Diversity Council	Regional