CBDC is not an ordinary cryptocurrency, but a government-issued digital currency that is issued and managed by the central bank of each country. Essentially, it is an electronic version of a traditional national currency that exists in the form of cryptographically secured data.

The main distinction between CBDC and ordinary cryptocurrencies is that it has government backing and is fully centralized. Unlike decentralized crypto assets, CBDC operates on a blockchain in private mode under strict control of the national bank. This hybrid solution combines the advantages of blockchain technologies with the reliability of a government system, ensuring security, traceability, and transaction privacy simultaneously. Thus, CBDC represents an important step in the evolution of the monetary system, maintaining government control while utilizing modern technologies.