While China is launching the digital Yuan in 2021, China Creates Its Own Digital Currency, a First for Major Economy – WSJ, Europe  is announcing the launch of Digital Euro in 4 years ECB’s Christine Lagarde Says Digital Euro Should Launch Within Four Years: Report – CoinDesk.

Europe is progressing with lot of caution and wants to assess all risks associated with CDBC.

At the same time, the US administration is troubled by the long-term effects the digital Yuan may have on the US dollar’s status as the world’s reserve currency Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report – CoinDesk