DIGITAL ASSETS
Introduction to Central Bank Digital Currencies
Explore the concept of CBDCs, issued by central banks as a digital equivalent to a nation's fiat currency, and how they differ from physical cash by requiring digital wallets and electronic systems for transactions.
Monetary Policy Understanding
Digital Currency Differentiation
Financial Systems Insights
Technological Adoption
Strategic Analysis
Course Lessons
What is Central Bank money
Chapter 1 provides an essential overview of how central banks issue and manage money, serving as the bedrock of a nation's economy. It covers the core functions of central bank money, its role in monetary policy, and its significance in maintaining financial stability, setting the stage for understanding the transition to digital currencies.
CBDC’s concept and key aspect
In Chapter 2, learners will delve into the defining features of Central Bank Digital Currencies. This segment unpacks the principles behind CBDCs, their operational frameworks, and how they are poised to coexist with traditional forms of money. The chapter illuminates the key components that make CBDCs a unique and potentially transformative tool for modern finance.
CBDC’s possible motivations
Chapter 3 examines the diverse drivers propelling central banks to consider adopting digital currencies. It discusses how CBDCs could address issues like financial inclusion, payment system efficiency, and security concerns, while also exploring their potential to revolutionise monetary policy implementation. This chapter provides insights into the strategic considerations behind the push for a digitised monetary future.
Why CBDCs are not cryptocurrencies
Chapter 4 clarifies the fundamental differences between state-backed digital currencies and decentralised cryptocurrencies. This chapter discusses the centralised control of CBDCs, their legal tender status, and the regulatory frameworks under which they operate, contrasting these features with the decentralised, often unregulated nature of cryptocurrencies. This distinction is critical for understanding the implications of CBDCs for financial sovereignty and policy enforcement.