The governor of the Banque de France has announced the launch of experiments and a call for projects for the creation of a central bank digital currency in the first quarter of 2020, according to La Tribune. The objective is to test an interbank digital currency first. which can serve as a laboratory for a possible future „euro digital”. An issue of sovereignty for Europe.
The governor, François Villeroy de Galhau, announced this Wednesday, December 4, the launch of experiments for the creation of a digital currency of central bank in the coming months, during a conference day organized by the Authority prudential supervision and resolution (backed by the Banque de France).
” We intend to start experimenting quickly and launch a call for projects by the end of the first quarter of 2020. We are particularly interested in participating in experiments involving the integration of a” wholesale „central bank digital currency into innovative instruments for the exchange and settlement of tokenized financial assets [in the form of digital tokens, ed], „he said.
The Banque de France will be the first central bank within the euro zone to engage in this approach. The Swedish Riksbank began a reflection early on a possible e-crown but which has not yet succeeded. The Chinese Central Bank is also working on an electronic payment currency project.
The governor emphasized the issue of sovereignty for France and Europe.
„I see a definite interest in rapidly advancing the issuance of at least one wholesale central bank digital currency in order to be the first issuer internationally and thus derive the profits earmarked for a reference central bank digital currency. „Said François Villeroy de Galhau.
The Banque de France did not specify which technology was envisaged and whether it could be a „stablecoin”, a virtual currency whose price is fully indexed to the value of a legal tender, in terms of the euro. We think logically of blockchain technology, born more than ten years ago with Bitcoin. The Banque de France was one of the first central banks to launchits own blockchain, operational, for interbank use, for the processing of SEPA creditor credentials.
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”