more openness to the possibility of a Fed-issued digital coin than in the past. currencies, including the potential for a CBDC (central bank digital currency).”. The present concept of CBDCs was directly inspired by Bitcoin, but CBDC is different from virtual currency and cryptocurrency, which are not issued by the state. digital currency cbdc dollar bitcoin. Talking today on a heavyweight central bank panel, Jerome Powell, Chair of the U.S. Federal Reserve. The company will help the city in the development of products within the city's ecosystem. Venezuela has been purported to be working on a CBDC called the " petro " sincecbdc coin would be backed by physical stocks of crude oil. Each CBDC unit will act as a secure digital instrument equivalent to a paper bill and can be used as a mode of payment, a store of valueand an official coin riddles for adults of account. Since cbdc coin will be a part of the money supply controlled by the central bank, it will work alongside other forms of regulated money, cbdc coin coins, bills, notes, and bonds. Haldane, on possible ways to implement negative interest rates.