Glossary · deep dive

CBDC

Central bank digital currency: a digital form of money issued directly by a central bank, such as the planned digital euro.

A CBDC is a liability of the central bank, like cash, but digital. The issuer sets the rules: holding limits, who may use it and how privacy works.

Contrast

Bitcoin has no issuer and no one can change its rules alone. That is the core difference, not the technology.