Cookies are used on this Website. This is necessary in order to remember your preferences, as well as to
collect analytical data about visits to the Website.
Use of our Website means that you agree to the use of all cookies and analytics of Website visits in
The Bank of France announces the successful first test of CBDC based on blockchain technology. The bank claims that for the first time in a series of tests, it was possible to find out whether the digital euro is able to strengthen global financial markets. In the coming weeks, the central bank plans to study how the digital euro works when transferring from one bank to another.
The Central Bank of France is following China, which in April announced the start of a serious test of the digital yuan. Recall that the digital euro has been under development since the end of March 2020. At this stage, the Bank of France is looking for an economist with experience in the field of cryptography to manage the CBDC launch.
French regulators have repeatedly criticized cryptocurrencies, but in the process of studying the technology, they changed their rhetoric.
Image courtesy of Finance Yahoo
Read the best crypto news analysis here! bitnewstoday.com Bitcoin,
investments, regulation and other cryptocurrencies
Found a mistake? Select the text and press CTRL+ENTER