Central Bank Digital Currencies (CBDCs) have been gaining worldwide attention as governments consider adopting this new form of digital fiat currency. A CBDC is essentially a digital version of a fiat currency, which is a currency decreed by the government. Fiat currency differs from currencies established through societal consensus, such as gold and silver, which had been the consensus form of currency for centuries….
By: Burr & Forman
By: Burr & Forman
