batuatobar@hotmail.com

# CBDCs (Central Bank Digital Currencies) **CBDCs** are digital forms of central bank money widely available to the general public, representing the electronic equivalent of fiat currency issued and backed by governments. ## Key Characteristics **Central Bank Liability**: CBDCs are direct liabilities of central banks, unlike digital money in commercial bank accounts. They function as official government currency in electronic form, backed by government faith and credit. **Distinct from Crypt

A crypto token is a digital asset that lives on a blockchain and represents a unit of value, utility, or ownership. Unlike a native cryptocurrency (e.g., Bitcoin on its own blockchain), a token is created and managed by a smart‑contract platform such as Ethereum, Binance Smart Chain, Solana, etc. **Key characteristics** | Aspect | Description | |--------|-------------| | **Underlying blockchain** | Tokens are issued on an existing blockchain that supports smart contracts. | | **Types** | • **U