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September 10, 2025EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA

Digital Currency and the Significance of Issuing Digital Currency by a Central Bank

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Authors

MVMadina Huseynovna VakhabovaEMElena M. MazhitovaLKLyudmila A. Khutorova

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Overview

This article explores the potential benefits and challenges of central bank digital currency (CBDC), indicating its rising importance in financial markets.

Key Points

  • Issuing central bank digital currency (CBDC) could enhance economic stability and financial inclusion, addressing challenges in traditional banking.
  • CBDCs, representing digital currency, are controlled by state authorities, which can ensure better regulation of financial markets.
  • The development of digital currency, particularly CBDC, reflects significant shifts in the relationship between information technology and banking systems.
  • Implementing CBDC might face challenges, including regulatory hurdles, privacy concerns, and the need for an advanced digital infrastructure.

Cite This Study

Vakhabova et al. (2025) studied this question.

synapsesocial.com/papers/68c1a78154b1d3bfb60e10echttps://doi.org/10.36871/ek.up.p.r.2025.06.10.019
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Also Consider

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  1. 1DIGITAL REVOLUTION IN FINANCE: A COMPREHENSIVE ANALYSIS OF CENTRAL BANK DIGITAL CURRENCY IMPLEMENTATION2024
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  3. 3CENTRAL BANK DIGITAL CURRENCY (CBDC) AS A THIRD FORM OF MONEY: KEY RISKS AND DEVELOPMENT DIRECTIONS2024 · 1 citations
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  5. 5Development of Central Bank Digital Currencies: The review of Contemporary Trends and Perspectives in Central Banking2025 · 1 citations