5 Lessons From Digital Currency
Announced as a crossboundary global digital currency, the project was scrutinised by US policymakers and financial institutions, over concerns that it might interfere with US monetary policy. US officials did not allow Meta to issue its own native coins without going through strict banking regulations. A Central Bank Digital Currency is the digital form of a country’s fiat currency that is also a claim on the central bank. Instead of printing money, the central bank issues electronic coins or accounts backed by the full faith and credit of the government. Central banks have accelerated their efforts to explore, test and launch their own stable digital currencies. These Central Bank Digital Currencies , issued by government-mandated financial institutions, hold equal legal status as their fiat currency counterparts. CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice abo