The Central Bank Digital Currency (CBDC) Bill is a pivotal piece of legislation that could redefine how money works. This bill outlines the framework for issuing and regulating digital currencies by central banks, ensuring security, transparency, and financial stability. It addresses concerns like privacy, cybersecurity, and the impact on traditional banking systems. This article breaks down the 7 most important aspects of the CBDC Bill, explaining how it could affect consumers, businesses, and the broader economy. Whether you’re a policymaker, investor, or curious citizen, understanding this bill is crucial for navigating the future of digital finance.
