The Challenges of New Central Banks Crypto-Currencies: CDBC

Crypto-currencies are digital currencies that can be used to settle transactions over the Internet, and their emergence is intended to bypass traditional currencies. At first, central banks were very wary, but following the spectacular growth in transactions with crypto-currencies, some central banks were seduced and decided to appropriate the “blockchain” program by creating their own “central bank digital currencies” (CBDCs). But the introduction of CBDCs poses a number of problems: what are the advantages of this new adoption, and what are the issues and impacts on households, banks and the economy in general, especially with virtually no regulation. Through this research paper we will try to answer these questions and take a closer look at all the issues surrounding the adoption of these new currencies issued by central banks.