Imagine digital money controlled by a government, like a digital dollar! Many countries are exploring this idea, called a Central Bank Digital Currency (CBDC). It's like having your money on a special computer, instead of in a bank or as cash.
- Some countries, like China, are already using CBDCs for everyday purchases.
- The US recently decided *not* to create a CBDC, for reasons of privacy and economic control.
- Other countries are still looking into creating their own digital currencies.
- CBDCs could make paying for things easier and faster.
| Fact | Number |
|---|---|
| China's digital yuan transactions (2024) | $982 billion |
| Countries exploring CBDCs | 66 |
| Countries with issued CBDCs | 3 |
