# Central Bank Digital Currency (CBDC) 1. A [[central bank]] [[Crypto (cryptocurrency)|digital currency]] (CBDC) is a digital version of a country's fiat currency. It is [[centralized]] and regulated by a country's monetary authority. 2. CBDC refers to the proposals that involve [[Crypto (cryptocurrency)|digital currency]], issued by a central bank. Although the term is not well-defined, it represents a new form of central bank money.