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Office of Financial Aid 50 Sunset Lane Paxton, MA 01612 Phone: (508) 8493366 Fax:(508) 8493735 Email: financialaid@annamaria.edu20212022 Verification Worksheet (Independent) Your FAFSA was selected

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Individuals looking for a secure and convenient alternative to physical cash.

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What is central bank digital currency?

Central bank digital currency (CBDC) is a digital form of a country's fiat currency that is issued and regulated by the central bank.

Who is required to file central bank digital currency?

Anyone who is involved in transactions using the central bank digital currency may be required to file reports to the central bank.

How to fill out central bank digital currency?

To fill out central bank digital currency reports, individuals and entities must provide information on transactions made using the digital currency.

What is the purpose of central bank digital currency?

The purpose of central bank digital currency is to provide a secure and efficient means of payment and to enhance financial inclusion.

What information must be reported on central bank digital currency?

Information such as transaction amounts, dates, parties involved, and purpose of the transactions must be reported on central bank digital currency.

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