Too Long; Didn't Read
70% of banks are engaged in or about to start CBDC work and of these more than half are exploring both general purpose and wholesale CBDCs. Central bank digital currency is a digital extension of a central bank’s medium of exchangeable to permanently settle transactions between parties. The central bank is able to remove credit risk and ensure stability by guaranteeing the value of the CBDC with blockchain, exactly like paper money. Venezuela was the first country to introduce a national digital currency named Petro. Tunisia denied the news about E-Dinar which is not a CBDC.