What’s the Future of CBDC?

Jakarta, Pintu News – More than 130 countries, covering nearly 98% of global GDP, are currently developing or testing Central Bank Digital Currencies (CBDCs). This global initiative signals a major shift towards regulated digital finance. However, the big question that arises is whether CBDCs will replace cryptocurrencies or both can exist simultaneously?

Global Acceleration Toward Digital Money

The push for CBDCs is based on three main objectives: faster payments, financial inclusion, and control over digital money. Countries like China with e-CNY, the Eurozone with Digital Euros, Nigeria with eNaira, and the Bahamas with Sand Dollars are already leading the charge. It is estimated that between 2025 to 2028 will be an important turning point as CBDC pilots turn into real launches.

Records from the Atlantic Council’s CBDC Tracker show there are 49 active pilots, signaling how quickly governments are moving towards national digital currencies. In the coming years, this transformation is expected to change the way people access and use money, accelerate cross-border transactions and strengthen government efforts to combat financial crime.

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CBDC and Crypto: Two Sides of a Different Currency

While CBDCs and cryptocurrencies may seem similar, they are built on very different foundations. CBDCs are centralized, state-backed, and designed for stability. In contrast, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are decentralized and permissionless, built around the idea of financial freedom. However, some experts see that CBDCs can help crypto adoption by familiarizing people with digital wallets and blockchain payments.

If people start using digital currencies issued by central banks, they may be more open to exploring Bitcoin (BTC) or DeFi later on. However, many in the crypto world are not convinced. While clearer rules may bring legitimacy, CBDCs may also push regulators to implement stricter KYC and AML checks-increasing control at the expense of privacy.

Also read: Bitcoin ETF’s Biggest Fund Withdrawal Since August, What Happened?

Concerns: Control, Privacy, and Regulation

The Bank for International Settlements (BIS) found in a 2025 working paper that “more positive central bank CBDC sentiment is associated with a negative impact on cryptocurrency market returns.” Community sentiment also reflects such concerns.

A discussion on Reddit in November showed that most users view CBDCs negatively, mainly due to privacy concerns and fear of state surveillance. However, some voices believe that the two can coexist-CBDC for everyday payments, crypto for investment and self-reliance. This shows that despite concerns, there is still room for both systems to operate in harmony.

Conclusion

Despite the tension, some researchers believe that coexistence is the most practical outcome. Studies show that CBDCs can handle regulated digital cash while crypto continues to serve the role of privacy and global transfers. The real question is no longer whether CBDCs are coming, but whether cryptocurrencies can evolve fast enough to stay relevant in a world where every government wants to participate in blockchain.

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Reference

• Coinpedia. Are CBDCs a Threat to Crypto’s Future?. Accessed on November 10, 2025
• Featured Image: Cryptoslate