Modern Aspects of Central Bank Digital Currencies Development

Abstract

In an era of massive adoption of innovative financial technologies, many countries are now researching the viability of their own digital currencies thanks to its high degree of effective, secure and affordable potentiality. There are some kinds of digital currencies which are in the process of real-life development. The goal of this work is to identify the main reasons of the soaring interest of financial institutions in the use of digital currencies in tandem with emphasize on positive and negative aspects of their implementation.