French central bank floats European CBDC

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In a speech, Banque de France first deputy governor Denis Beau says that his organisation is "quite open for experiments" with the ECB on a wholesale CBDC.

French central bank floats European CBDC:

Why

Speaking about the inefficiencies that still bedevil cross-border payments, Beau says: "The tokenisation of financial assets combined with the recourse to blockchain-based solutions and more broadly distributed ledger technologies to store and transfer those assets could help answering market’s demands."

French central bank floats European CBDC:

The tokenisation of financial assets is, of course, a much broader topic than CBDC and (as I have said for some time) and inevitable trend. In my mental model of the world, I look from that perspective. So we use the cryptocurrency platform to trade tokens, and one form of these tokens (homomorphic to, but necessarily built from, ERC-720) is digital currency and one option for implementing digital currency is CBDC.

Comments

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