The following article is covering the efforts made to date by the new front runners in the Central Bank Digital Currencies (CBDC) in Asia: The Next Wave Of CBDCs: Israel, South Korea, Indonesia

Many argue that they are not technically cryptocurrencies as they are designed to be centralized and operated by the banks (against the nature of why cryptocurrencies were created in the first place). However, these currencies will still utilize blockchain and provide a faster and cheaper means of transferring money.