History of Central Bank Digital Currencies (CBDC)

The history of Central Bank Digital Currencies (CBDC) began in the early 2010s, when global financial systems started to realize the need for creating new, more efficient forms of money. Central banks began considering the issuance of digital currencies to improve economic stability and increase the accessibility of financial services. China became one of the pioneers in this field, developing and testing its digital currency, while many other countries started actively exploring the benefits and risks of implementing CBDC. Year by year, interest in digital currencies grows, which may lead to revolutionary changes in the global financial system.