FORCING LARGE
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President Donald Trump’ s executive order banning Central Bank Digital Currencies( CBDCs) in the United States while promoting“ responsible innovation and financial freedom” has created a significant shift in the global digital currency landscape.
This policy reversal from the world’ s largest economy has forced a recalibration of implementation timelines and strategies worldwide, yet hasn’ t halted international momentum.
The ban comes at a time when CBDCs had been gaining traction globally.
As Jorge Lesmes, Vice President & Client Partner at NTT DATA, previously observed:“ With nearly all of the world’ s central banks now exploring digital currencies, it’ s the right time to create a global ecosystem where digital currencies can thrive”.
This sentiment reflected the pre-ban environment, where approximately 90 % of central banks were investigating digital versions of their currencies.
Now, with the US stepping back, the question becomes: will other nations follow suit or take the opportunity to establish leadership in digital currency innovation?
96 May 2025