TRENDS AND IMPACT OF CENTRAL BANKS DIGITAL CURRENCY ON THE ECONOMY
Abstract
In recent years, financial technology, or fintech, has been playing an increasingly important role in the implementation of control activities by Central Banks around the world. Fintech, which refers to the use of technology to improve and automate financial services, has been revolutionizing the way that central banks monitor and regulate financial markets, banks, and other financial institutions. The progress and its application to the financial industry have inspired central banks and academics to analyse the merits of central bank digital currencies (CBDC) accessible to the broad public. This article reviews the advantages and risks of CBDC in the world and some economies of countries.
Keywords
Financial technology, central bank, traditional bank, central banks digital currency, financial stability, cryptocurrencies, digital payments.
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