An article in the Global Times stated that due to the "non-market" intervention of US cryptocurrency exchanges after the Russia-Ukraine conflict, more and more third-party countries have discovered that the central bank digital currency (CBDC) promoted by the People's Bank of China represents the future trend of technological development for a new generation of global cross-border settlement systems, and is an exploratory guarantee for a fairer and more efficient global monetary system in the future. In addition, deepening the breadth and depth of China's opening up to the outside world, differentiating China's regional and local economic cooperation with foreign countries, promoting production capacity cooperation with partner countries along the Belt and Road, and reducing the risks of a global financial system dominated by the US dollar all require the extensive application of digital currency technology, the opening up of China's financial industry to the outside world, and the innovation of China's financial professionals.

According to the update of the mBridge project released on the BIS official website, 23 central banks, as well as the International Monetary Fund (IMF) and the World Bank, are observing the initiative. So far, 11 out of 25 observer members have participated in the sandbox, allowing participants to simulate mBridge nodes and transactions. mBridge has an inclination towards the Asia/Middle East region, and the observer members have shown the same pattern. Its participants come from various continents, including six from Asia (Indonesia, South Korea, Malaysia, Nepal, the Philippines, and Turkey) and five from the Middle East (Bahrain, Egypt, Jordan, Israel, and Saudi Arabia). The representative of the United States is the New York Innovation Center, which is affiliated with the New York Federal Reserve Bank. There are also five EU member states among the mBridge observers, including very influential members. In addition, mBridge plans to launch a minimum viable project in the middle of next year.

Hong Kong Monetary Authority (HKMA) has announced the successful completion of its internal first-phase trial and is preparing for the second phase of the e-HKD pilot program. The e-HKD pilot program was launched by HKMA in November 2022 to evaluate the commercial feasibility of its internal CBDC as part of its "Fintech 2025" strategy. The first phase was dedicated to researching six areas of electronic HKD, including comprehensive payments, programmable payments, offline payments, tokenized deposits, Web3 transaction settlement, and tokenized asset settlement.

According to South Korean media Hankyung, the Bank of Korea and South Korean exchanges have signed an agreement to develop a carbon emissions trading simulation system based on distributed ledger technology and test carbon emissions trading based on CBDC. The specific details of the experiment will be announced at the end of November, and it is planned to be conducted in the third and fourth quarters of next year.

On October 30th, the Bank of Korea signed an agreement with the Korea Exchange to develop a carbon emissions trading simulation system based on distributed ledger technology, and to test carbon emissions trading based on CBDC. The specific details of the experiment will be announced at the end of November, and it is planned to be conducted in the third and fourth quarters of next year.

Governor of the Reserve Bank of India, Shaktikanta Das, recently discussed India's progress in central bank digital currency (CBDC). After nearly a year of CBDC wholesale and retail pilots, he is more convinced than ever of the role of digital rupee in cross-border transactions. He also believes that CBDCs can offset the appeal of stablecoins.

According to a CBDC research report released by the Bank of Spain, the nature and uses of CBDC are explained, with a special emphasis on the digital euro driving electronic payments to become the core of the financial system. The article also mentioned that the digital euro will have offline payment and privacy levels similar to cash. However, user data will still be controlled by specific financial institutions, not CBDC infrastructure providers. Other European countries, such as the Bank of Finland, have also expressed support for the digital euro, seeing it as a highly anticipated project in the European payment field. The European Central Bank emphasized that the digital euro will bring Europe a more convenient life and a stronger future.

Standard Chartered Bank (Hong Kong) has completed offline payment trials of the Hong Kong Monetary Authority's digital currency (CBDC). The experiment aimed to test the inclusiveness, security, and reliability of payments, especially for areas without stable internet connections. The pilot covers multiple areas, including public transportation, merchants on the campus of the University of Hong Kong, restaurants, and flea markets in offices. This enables Standard Chartered Bank to evaluate the effectiveness of offline electronic Hong Kong dollar payments in small, high-volume transaction environments.

The Shanghai Petroleum and Natural Gas Exchange (SHPGX) has announced that the digital yuan has been used for the first time to settle an oil transaction, with PetroChina International purchasing 1 million barrels of crude on Oct. 19. The transaction was in response to a call by the Shanghai Municipal Party Committee and Municipal Government to apply the Chinese central bank digital currency (CBDC) to international trade. The crude oil deal marks a major step in the use of the yuan on the international market and in the global movement toward de-dollarization. In the first three quarters of 2023, use of the yuan in cross-border settlements was up 35% year-on-year, reaching $1.39 trillion, China Daily reported.

According to Nicholas Anthony's analysis, the Nigerian government is trying to promote the transition to a cashless economy by implementing a central bank digital currency (CBDC). However, restrictions on cash usage have sparked protests from the public, demanding the restoration of paper currency. Despite the government's efforts to promote the adoption of CBDC, such as lifting access restrictions and providing payment discounts, these measures have proven to be futile. Furthermore, with cash withdrawal restrictions and currency redesign, the situation has worsened, leading to a cash shortage and escalating public dissatisfaction. Therefore, the adoption rate of the Nigerian CBDC remains low, with only less than 0.5% of the population using it, while over 50% have already accepted cryptocurrencies.