The Central Bank of France has reported on the interim results of the CBDC study
The regulator tested the currency for its use in payments and securities settlements
![The Central Bank of France has reported on the interim results of the CBDC study](https://storage.getblock.net/source/1/FQvaM6O6OtvJbC7a_VXTqmzCTTjrasfm.png)
10.11.2021 - 15:30
262
1 min
0
What’s new? France's financial regulator has shared the results of testing a wholesale version of the central bank's digital currency (CBDC).
Message on the French central bank's website
What is known about the experiment? The Bank of France began testing CBDC in March 2020. The regulator has conducted a total of seven out of nine tests in which it has tested the digital currency for the possibility of its use in cross-border and inter-currency payments, as well as in securities settlements.
Two more tests of the Central Bank of France will have been completed by the end of 2021. The regulator’s representatives also stated that they intend to further study the sustainability and energy efficiency of CBDC.
What had happened before? In early November, we mentioned that, according to the JPMorgan investment bank, CBDC will help companies save $120 billion a year.
Useful material?
Market
Australia’s largest financial institutions have refused to process payments to digital asset trading platforms due to the risk of fraud
Jul 26, 2024
Politics
According to the politician, the value of the country’s bitcoin reserves should equal the value of gold reserves
Jul 26, 2024
Mining
The capacity of the Bitaxe device used by the network participant is only 500 Gh/s
Jul 25, 2024
Trends
Meanwhile, Trump-inspired assets have not shown significant growth
Jul 22, 2024
Market
The fee will be as much as 2,5% compared to 0,25-0,19% for competitors
Jul 18, 2024
Market
This is the third consecutive month of decline
Jul 18, 2024