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let's tAlk about finances and CBCD
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·2 min read

Today in SERDNA TALKS we are going to talk about something very scary  for most...

The CCBD, or Central Bank Digital Currency, is a specific type of digital currency that is backed by a central bank. This means that the currency is the same thing as traditional fiat currency, such as the US dollar or the euro, but is issued and regulated by a central bank.

CBCD is intended to enforce a more effective and latest financial framework that may use a string of the latest technology, including blockchain and smart contracts. This will expedite the payment procedure, and supply new tools for various types of financial items.

The European Central Bank, the Bank of Japan, and the People's Bank of China are just some of the central banks that are currently exploring the idea of issuing a CBCD.

The global finance infrastructure and post-industrial labor market are in their infancy, but they're expected to develop substantially in the years to come. For example, it is possible to believe that technology could eliminate the need for physical cash, increase financial inclusion for underbanked populations, and make it easier for individuals and businesses to make cross-border payments.

But there are worries that CBCD may bring about as well, for example, opening the doors to cyber crimes, financial crime, and perhaps even a new regulatory pathway.

As interest and demand for CBCD grows, the market is certain to grow at an exponential rate, and its impact will likely be profound and global.

It is crucial that you remain informed about any advancements made by the Central Banks around the world regarding the implementation of CBCD. As soon as you have any new details, be sure to share them with your tax advisor to help you stay up to date with your topic.

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