Definition

Central Bank Digital Currency (CBDC) is the digital form of a country’s fiat currency claiming the central bank. Rather than producing banknotes, the central bank issues electronic coins or accounts backed by the government’s full faith and credit. 

Examples of Usage

• “The public digital euro is a digital central bank issued currency and differs from stable private coins and cryptocurrencies.” 
• “The CBDC is distinct from a cryptocurrency such as bitcoin. There are some technical distinctions”. However, the CBDC is issued and administered by a central bank, which is the most significant distinction.
• “Although the term “central bank digital currency” is not well-defined, “it is envisioned by most to be a new form of central bank money […] that is different from balances in traditional reserve or settlement accounts.”
• Source: https://www.bis.org/publ/qtrpdf/r_qt1709f.pdf

Further research

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Central Bank issued Digital Currencies (CBDCs)