BLOCKCHAIN & CRYPTO
ALTERNAT MARKETS DRIVING INNOVATIO
Several countries appear committed to their CBDC trajectories despite the US policy shift. Looking back at developments from 2023- 2024 provides context for current trajectories.
China has been developing its digital yuan( e-CNY), one of the most advanced CBDC projects globally. Nigeria pioneered its own CBDC with the e-naira, while Switzerland focused on combining technological innovation with robust regulatory frameworks to ensure secure adoption.
More recent developments in 2025 show continued progress. The Bank of Korea is launching a pilot involving
100,000 participants trialling a retail CBDC starting in April.
Meanwhile, the Bank of England published a digital pound blueprint in January 2025, articulating three longterm aspirations: establishing central bank money as a publicly provided commodity, creating an end-user proposition for retail payments and enabling an open, innovative payments ecosystem.
These ongoing initiatives suggest that rather than following the US ban, many nations see an opportunity to establish leadership in the digital currency space, potentially reshaping financial power dynamics in the coming decade.
98 May 2025