Rapid technological innovation is ushering in a new era of public and private digital money, bringing about major benefits in terms of efficiency. Verkkocentral bank digital currencies (cbdcs) are gaining increasing traction, with the atlantic council reporting that 130 countries are exploring these. Since the creation of bitcoin in 2009, cryptocurrencies have exploded in popularity and are today collectively worth more than $1 trillion. Verkkowhat are the implications of digital currencies for the monetary system? These are w eighty issues that are much on the minds of central bankers, scholars and the. Verkkocountries are seeking to preserve key aspects of their traditional monetary and financial systems, while experimenting with new digital forms of.