Too Long; Didn't Read
Over 100 countries are exploring CBDCs, with Australia’s central bank trialing a digital currency to explore “innovative ways” for homes and businesses to make payments and transfer funds. CBDC is short for central bank digital currency, and is a digital token, similar to cryptocurrency, issued by a central bank. They are pegged to the value of that country's fiat currency. A report by the Tony Blair Institute For Global Change said CBDC can increase financial inclusion.