French Central Bank Completes First Stage of Its CBDC Experiments

Posted on by American Coins & Gold

French Central Bank Completes First Stage of Its CBDC Experiments
The Banque de France said it completed the first stage of its experiments into a wholesale central bank digital currency (CBDC) and plans to move on to the next phase, focusing on cross-border payments.France’s central bank has been exploring the use of a CBDC for the exchange of money between financial institutions since March 2020.The final stage of the first tranche of experiments consisted of the issuance of a digital bond on a blockchain with settlement in CBDC, which was conducted with numerous partners including banking giant HSBC.“The experiment successfully tested an end-to-end transactional lifestyle of digital assets,” Banque de…