A மத்திய வங்கி டிஜிட்டல் நாணயம் is the digital form of a sovereign country’s fiat currency, issued and regulated by the sovereign nation’s monetary authority or central bank.

CBDCs are digital representations of central bank liabilities that are broadly accessible and usable by the public.

• Reduces counterparty risk
• Promotes financial inclusion
• Simplifies monetary and fiscal policy implementation

• Wholesale CBDCs
• Retail CBDCs

CBDCs bridge the gap between traditional fiat money and digital payment systems while maintaining sovereign backing.