Cryptocurrency Q&A
What is the difference between CBDC and fiat money?
What is the difference between CBDC and fiat money?
BlockchainEmpiress
Wed Dec 04 2024
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5 answers
1130
CBDC, or Central Bank Digital Currencies, are digital forms of money issued and controlled by central banks, offering a centeralized alternative to decentralized cryptocurrencies. Fiat money, on the other hand, refers to government-issued currency that is not backed by a commodity such as gold, and its value is derived from government decree and credit. The key difference lies in their form and issuance: CBDC is digital and issued by central banks, while fiat money can be in physical or electronic form and is controlled by governments.
5 answers
RubyGlider
Fri Dec 06 2024
The Indian Rupee holds a significant position in the financial system of India.
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Martina
Thu Dec 05 2024
It is issued and regulated by the Reserve Bank of India (RBI), which ensures its stability and value.
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CryptoQueen
Thu Dec 05 2024
In contrast to traditional currencies, CBDCs (Central Bank Digital Currencies) represent a digital form of fiat currencies issued by central banks.
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FantasylitElation
Thu Dec 05 2024
These digital currencies are administered and controlled by the respective central banks, offering a new dimension to the financial landscape.
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Martino
Thu Dec 05 2024
The RBI, as the central bank of India, not only issues the Indian Rupee but also controls its circulation and use within the country.
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