Bank of France Wants to Test Its Digital Currency in 2020
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Dec. 4, 2019
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The central bank of France is planning to carry out experiments with its own digital currency (CBDC), Governor of the Bank of France and Chairman of the Autorité de contrôle prudentiel et de resolution (ACPR) François Villeroy de Galhau said at the ACPR, Paris, 4 December 2019.

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The Governor of the bank highlights the financial institution wants to start running experiments rapidly and will launch a call for projects before the end of the first quarter of 2020.

"We are particularly keen to take part in experiments to integrate a "wholesale" CBDC into innovative procedures for exchanging and settling tokenised financial assets," François Villeroy de Galhau added.

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François Villeroy de Galhau believes that in the long term, two different uses of the CBDC could exist together.

"One [CBDC] for payments between financial sector players and another for the general public that is simpler and better suited to retail transactions," the Governor of the bank pointed out.

Earlier iHodl reported that the International Monetary Fund (IMF) revealed a survey according to which CBDCs could become a reality in the next couple of years.

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