Development of digital currencies under regulatory attitude in different countries

Abstract

This paper centers on the advancement of digital currencies in various nations. Since the inception of Bitcoin in 2009, private digital currencies have experienced exponential growth. Since then, countries have increasingly delved into the research and development of central bank digital currency (CBDC), with developing nations currently outpacing developed nations in CBDC progress. With respect to private digital currencies, particularly those symbolized by Bitcoin, countries have generally adopted more cautious regulatory stances and policies. Moving forward, CBDC may become the norm in digital currency. By establishing more equitable bilateral or multilateral payment cooperation systems, regional economies can facilitate the widespread use of CBDC and enhance payment efficiency.