France Announces It Has Kicked Off Second Stage of Wholesale CBDC Experiments

The French central bank, Banque de France, wants a working wholesale central bank digital currency ready to go as early as 2023, according to the bank’s governor, François Villeroy de Galhau.

Galhau announced on Tuesday that the bank has kicked off the second phase of experimentation into a wholesale CBDC, which could be used to streamline domestic and cross-border transactions between banks.

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