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CBDC

American

abbreviation

central bank digital currency: a digital currency that is issued, regulated, and stored directly by a central bank, such as the United States Federal Reserve, and is generally accessible to the people served by that central bank.

Usage

What's the difference between virtual currency, digital currency, and CBDCs? See digital currency ( def. ).

Etymology

Origin of CBDC

First recorded in 2015–20

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The central bank will start a pilot programme in April to test the use of a digital yen, joining a growing number of countries seeking to catch up with front-runner China in launching a CBDC.

From Reuters • Mar. 28, 2023

China has made the most progress with its CBDC.

From NewsForKids.net • Mar. 14, 2022

A Central Bank Digital Currency, or CBDC, is a digital currency run by the central bank of a country.

From NewsForKids.net • Mar. 14, 2022

China has made the most progress with its CBDC.

From NewsForKids.net • Mar. 14, 2022

Nevertheless,it sets the stage for the central bank to collect public feedback on the potential costs and benefits of a CBDC, which could ultimately advance legislation long-term.

From Reuters • Jan. 20, 2022

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023