The CBDC central bank digital currency is an electronic form of state currency created on a blockchain. The Central Bank is the issuer of CBDC, it also holds the reserves in accounts and manages all transactions for this type of currency. Now there are already electronic forms of money. For example, of the $20 trillion in circulation, only $2 trillion is cash. The rest of the money is only issued electronically and is a number on an account. The distinguishing feature is that there is no need for CBDC to maintain financial intermediaries such as private banks in traditional financial turnover. The management of the digital currency would be wholly owned by the CB, and it would be digitally available to all citizens, not just a limited number of individuals.