Banque de France to launch CBDC experiments in 2020

De Galhau says new directorate will consider using wholesale CBDC for tokenised asset transactions

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François Villeroy de Galhau: “We, as central banks, must and want to take up this call for innovation”

The Banque de France (BdF) will begin work in 2020 on a series of experiments to see whether it is possible to create a prototype central bank digital currency (CBDC), its governor announced on December 4.

Governor François Villeroy de Galhau said the BdF was reorganising its payments directorate and seeking new staff to work on the project. “We are particularly keen to take part in experiments to integrate a ‘wholesale’ CBDC into innovative procedures for exchanging and settling tokenised

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