Eurasian Forum Highlights Digital Currency, Blockchain for Economic Unity

The Eurasian Financial and Economic Forum (EFEF-2025) held in Shanghai last week highlighted the increasing significance of digital currency and blockchain technology in promoting economic unity across the Eurasian region. The event brought together industry leaders, policymakers, and technologists to explore how these technologies can reshape financial systems and enhance economic cooperation.

Digital currency, known for its decentralized nature and borderless transactions, was identified as a crucial driver of financial inclusion and economic integration. Forum participants noted that digital currencies could simplify cross-border payments, lower transaction costs, and improve the efficiency of financial services. This is particularly advantageous for regions with limited banking infrastructure, where traditional financial services are often inaccessible or expensive.

Blockchain technology, which underpins digital currencies, was another key topic of discussion. Its immutable and transparent ledger system was praised for enhancing trust and security in financial transactions. The potential of blockchain to transform supply chain management, contract enforcement, and data security was also explored. The decentralized nature of blockchain was seen as a way to reduce reliance on intermediaries, thereby lowering costs and increasing transaction speeds.

The forum also tackled the regulatory challenges and opportunities presented by digital currencies and blockchain. Participants recognized the need for a balanced regulatory framework that encourages innovation while protecting against risks such as money laundering and fraud. The importance of international cooperation in developing harmonized regulatory standards was emphasized, as was the need for education and awareness to build public trust in these emerging technologies.

The discussions at the EFEF-2025 reflected the growing acknowledgment of digital currency and blockchain as essential technologies for economic unity. As these technologies continue to develop, their integration into financial systems could lead to a more interconnected and efficient global economy. The forum provided a valuable platform for stakeholders to share insights, form partnerships, and map out a path for the adoption of these transformative technologies.