Central bank digital currency (CBDC) offers several benefits, including increased financial inclusion by providing access to digital payment services for those without traditional bank accounts, enhanced payment efficiency through faster transactions and reduced costs, improved transparency and traceability of transactions, and the potential to combat illicit activities such as money laundering and tax evasion. Additionally, CBDC can facilitate cross-border transactions, promote innovation in the financial sector, and offer a secure and stable digital payment option backed by the central bank.
