17 lines
894 B
Markdown
17 lines
894 B
Markdown
# Central Bank Digital Currency
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A digital [currency](currency.md) issued by a [central-banks](central-banks.md) often shorted as CBDC. The implementation and wise-scale use of CBDCs is a hypothetical technology. Many experimental implementations do not use a [blockchain](blockchain.md) and are based on centralized database technologies and do not require a [consensus-algorithm](consensus-algorithm.md). This makes CBDCs technical underpinnings significantly distinct from [crypto asset](cryptoasset.md) which are allegedly [decentralized](decentralization.md).
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CBDCs are either based on an *account model* or *token model*.
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CBDCs have been critized as being an extension of the surveillance state that conflicts with financial privacy norms.
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## Examples
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* Chinese Digital Yuan
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* Bahama Sand Dollar
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## References
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* [@kiff_survey_2020]
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* [@bilotta_cbdcs_nodate]
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* [@nabilou_central_2019] |