“This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market,” said the Bank of France.
The banks will experiment with cross-border settlements of two wholesale CBDCs and a French digital financial instrument on a distributed ledger technology platform.
The Bank of France’s deputy governor said there has been a “hands-on approach” with the bank’s experiment to launch a digital euro for the general public.
The Bank of France’s central bank digital currency experiments are moving forward with eight candidate firms picked.
A French central banker is calling for a global regulatory framework on crypto assets.
A report from the Bank of France advocates strict regulations for crypto-assets, including a ban on activity by banks, insurers and trust companies.