Tag: currency
Define central bank digital currency, or CBDC?
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Central banks issue digital currency known as CBDCs. Their value is correlated with the official currency of the nation issuing them. When was the last time you made a cash payment for something? Even while physical money is still commonly used worldwide, its use has significantly decreased recently in various nations, particularly during the COVID-19…
Read MoreWhat is fake currency?
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Money created without a state’s or government’s legal authorization is known as counterfeit money, and it is typically generated with the intention of seeming to be real money in order to trick its intended receiver. Generating or employing counterfeit currency is a type of deception or falsification, and it is prohibited in every global jurisdiction.…
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