Central Bank Digital Currencies.

The article examines policy issues raised by a central bank digital currency (CBDC) and recent proliferation of private digital currencies or cryptocurrencies unsupported by any government authority, such as Bitcoin. It mentions advantage of the technology pioneered by crypto to create a more efficient, central-bank-backed digital payment system. It also mentions Crypto generally records transfers on public, decentralized (or distributed) ledgers stored using blockchain technology.