Presentation Question :- CBDC is an acronym for Central Bank Digital Currency. It is an electronic form of currency legally issued by Central Banks of countries that citizens can use to make digital payments and store value. Currently, many countries are experimenting on this digital currency. For example, China’s ‘Digital Yuan’, Sweden came up with their ‘e-Krona’, Bahamas has the ‘Sand Dollar’ and many more countries including Malaysia are contemplating venturing into CBDC. Discuss the beneficial and adverse implications of CBDC from a legal perspective, including its impact on the fundamental rights of people and other human rights issues in Malaysia.
