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

10.11.2021 - 15:30

73

1 min

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.

Author:

yanazakomoldina yanazakomoldina

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy