## Central Bank Digital Currencies: CBDC Are Transforming the Financial System
In recent years, foreign central banks have begun to seriously focus on developing their own digital currencies. This is not a competition with existing digital currencies but an upgrade and modernization of the financial infrastructure. CBDC or Central Bank Digital Currencies have become a topic of interest for financial executives and investors worldwide, on par with blockchain technology and digital hybrid currencies.
### What is CBDC: Basic Understanding
**Central bank digital currencies (CBDC) are a new form of
View OriginalIn recent years, foreign central banks have begun to seriously focus on developing their own digital currencies. This is not a competition with existing digital currencies but an upgrade and modernization of the financial infrastructure. CBDC or Central Bank Digital Currencies have become a topic of interest for financial executives and investors worldwide, on par with blockchain technology and digital hybrid currencies.
### What is CBDC: Basic Understanding
**Central bank digital currencies (CBDC) are a new form of