Central Banks / banks of a country will issue Digital Currency

There will be no physical form of this Digital Currency

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Stored Digitally / Electronically only

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Will be Stored in Digital Wallets not in bank accounts.

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Transactions will be made between Wallets and Wallets and not between bank accounts

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Like physical Notes & Coins, Digital Currency will also not be traced by banks

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KYC needed for Transactions above certain limits in Digital Currency

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In India, for transactions more than Rs. 50000/- PAN is mandatory document for KYC purpose

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India's Central Bank will give guarantee for its Digital Currency CBDC

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Know more about Digital Currencies

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