Central Bank Digital Currencies
("CBDC") are a new form of digital
currencies, sharing similar functions and the basic value as
traditional banknotes and coins in general, such as being a source
of value, an accounting unit, and a tool for exchange and currency
exchange operations. As the history of money tells the story of
struggles to manage the payment system and the money tree, this has
changed in line with advances in technological, economic, and
social developments. All transactions, regardless of whether they
are charged to a debit card or wired, pass through a digital
network that is owned and controlled by banks.
As society is reliant on banks for its payments system, when the
Covid-19 pandemic ripped through, money from the central bank
poured onto the wealthy through private bankers, while everyone
else suffered the effects of economic stagnation. As a result, it
became impossible for central banks to regain economic momentum
while keeping financiers under
