Differences Between CBDC and Cash

In this chapter, they discuss the differences between Central Bank Digital Currency (CBDC) and cash. They explain that CBDC gives the central bank absolute control over the rules and regulations governing its use, and they have the technology to enforce these rules. They mention Agustin Karsten's, who is the head of the Bank of International Settlements, and how the BIS is leading the implementation of CBDC globally.