Tag Archives: banque de france

CoinspeakerFrench Central Bank Unveils Results of Extensive Wholesale CBDC Tests The French Central Bank is not alone in conducting wholesale CBDC experiments. For example, the Bank of England (BoE) is set to conduct a similar test soon. French Central Bank Unveils Results of Extensive Wholesale CBDC Tests

Trials for a French wholesale central bank digital currency will kick off next year.France is responding to the threat posed by Facebook’s Libra to monetary policy sovereignty.The EU country is hoping to be the first to issue a wholesale CBDC.Immediately after Facebook announced its plans for a global cryptocurrency, France emerged as one of the social media giant’s biggest opposition to Libra. One of the arguments that French officials put forward in their case against Libra then was that...

As cryptocurrency adoption continues to spread all over the world, several entities including corporate organizations and governments are gradually catching the crypto bug. Based on a report from a French financial media platform Les Echos, France has now joined a list of countries that have shown interest in the crypto sector and have taken it a step further with a decision to float their own digital currency. France will now test its crypto sometime in the first quarter of next year.During...