The Dichotomous Nature of Central Bank Digital Currency (CBDC)

Abstract

Currently, technical and technological advances make it possible to launch digital money on a massive scale, and slowly more countries are making this product a reality. On the one hand, this procedure provides more opportunities for CBDC users, on the other hand, it leads to the emergence of new risks. Cybercriminals are sure to take advantage of the newly created digital environment, and policymakers, for the sake of society and the state, will introduce solutions that undermine privacy or freedom to manage private assets. So it’s worth looking at the practice of using central bank digital money (CBDC) because, like cyberspace, it is also dichotomous in nature.