Yesterday the Banque de France announced plans for an experiment to help with clearing and settlement of tokenized digital assets. To that end, it is calling for participants in a wholesale central bank digital currency (CBDC) test for interbank settlement.
The announcement doesn’t come as a surprise because the Bank’s Governor Villeroy de Galhau previously expressed a desire for the European Central Bank (ECB) to be the first to issue a wholesale CBDC.
“I see a certain interest to move quickly on the issue of at least a wholesale MDBC (French for CBDC) to be the first issuer at the international level and thus derive the benefits reserved for a reference MDBC,” the Governor told Le Echos last year.
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