GK Question

technology medium mcq

Which feature distinguishes CBDC from cryptocurrencies like Bitcoin?

  1. Central Bank Issuance
  2. Legal Tender Status
  3. Regulatory Oversight
  4. All of these

Answer: All of these

CBDCs are sovereign digital currency: issued by central banks, legal tender status, regulated monetary policy. Cryptocurrencies are decentralized, volatile, and largely unregulated. Critical for understanding digital money evolution.

Topic CBDC
Exam Relevance Banking, UPSC, SSC