Central Bank Digital Currency: Facilitating its understanding from a comparative global perspective

The aim of this paper is first to elucidate the concept of monetary sovereignty to establish its pivotal significance to the thematic framework of Central Bank Digital Currencies (CBDC). Building upon this analysis, three global players, each with their own distinct approaches and implementations of digital currency, have been selected for a contrastive analysis: The People’s Republic of China with its e-CNY, the United States’ push and pull over a Digital Dollar and, lastly, the ambitions of a Digital Euro in the European Monetary Union (EMU).