France's central bank, Banque de France, has announced it completed a central bank digital currency (CBDC) experiment with SEBA Bank, that was launched in March last year. According to the regulator, the goal of the experiment was to simulate the settlement of listed securities.
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Banque de France says it simulated CBDC issuance on a public blockchain network by "preserving control and confidentiality of transactions," with the help of smart contracts. Nathalie Aufauvre, General Director of Financial Stability and Operations at Banque de France, believes that the experiment demonstrated the possibilities of interaction "between conventional and distributed infrastructures."
"It also paves the way for other alliances in order to benefit from the opportunities offered by financial assets in a blockchain environment," Aufauvre added.
All the operations were conducted in collaboration with SEBA Bank, Banque Internationale à Luxembourg and LuxCSD. The watchdog will use the experiment's results to study more benefits of CBDC. As iHodl previously reported, Banque de France in a cooperation with Switzerland launched an experiment on a cross-border digital currency. The experiment will be conducted by the Banque de France, the Swiss National Bank and the BIS Innovation Hub.
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