What future for these state currencies?

The ban on digital central bank currencies (MNBC or CBDC) in the United States by Donald Trump upsets the global dynamic of state-of-the-art foreign currency projects. This historic decision raises questions about the future of CBDCs, particularly in Europe where the ECB maintains its course towards the digital euro.

A shock wave in the world’s CBDC landscape

Yesterday, on January 23 in Washington, American President Donald Trump signed a decree prohibiting the development and use of digital central banking currencies (MNBC) in the United States. This decision, widely praised by the Crypto community, comes as many countries actively explore these state -of -the -art coins.

CBDCs are divided into two main types: CBDC retail, intended for the general public, and large CBDCs, used for interbank transactions. They aim to modernize payment systems and promote financial inclusion. However, this ban could slow down advances in retail CBDCs, often criticized for their centralization and increased surveillance potential.

Yifan He, founder of Red Date Technology and MNBC expert, believes that this measure will have a significant impact on ” Any retail CBDC project over the next four years“. However, he recalls that technical challenges make the launch of a real retail CBDC unlike the next decade.

« But the fact is that I do not think that a country can develop a real retail CBDC in the next 10 years “, He told our colleagues from Cointelegraph.

Finally, the position of the United States could encourage certain countries to accelerate its own initiatives, especially in the field of large CBDCs, deemed more relevant for interbank transactions.

Europe maintains the CAP on the digital euro

Despite the withdrawal of the United States, the European Union remains resolutely engaged in the development of its own MNBC. Christine Lagarde, president of the ECB, recently stressed the strategic importance of the digital euro to strengthen the autonomy and financial security of Europe. This initiative aims to reduce dependence on financial systems dominated by the United States.

Tomer Warschauer Nuni, of Kima Network, believes that this European commitment could intensify, the ECB seeking ” Establish strategic autonomy in payments and limit dependence on non -European infrastructure. »

This approach is also adopted by countries like China, Israel and Australia, which actively continue their MNBC projects.

The development of CBDCs thus becomes a major geopolitical issue, opposing different visions of the monetary future. If the American ban constitutes a turning point, it could paradoxically stimulate the efforts of other regions of the world determined to assert their monetary sovereignty.