Central Bank Digital Currency
Also written CBDC · Central Bank Digital Currency (CBDC)
A digital representation of fiat currency — government issued currency not backed by a precious metal — expressly excluded from the scope of the AML/CFT/PF guidance for virtual digital assets.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Where this is taught
Free preparation for NISM Series XXIV← All terms