What is Advantages and disadvantages of CBDC?

 Some advantages of using a CBDC are as follows:

• Increase the effectiveness of payments
• Complement existing payment systems and financial services
• Reduce illegal activities and enhance global payment possibilities
• minimise net transaction costs potentially, helping lower-income families

In addition to potential benefits, including the following:

• Instability could result from changing the present financial system.
• The efficiency of monetary policy might decline.
• operational problems
• the dangers of cyberspace
• Due to the loss of anonymity, there is a loss of privacy.