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Bank of France Explores Private Sector Partnerships for Wholesale CBDCs

Bank of France Explores Private Sector Partnerships for Wholesale CBDCs
The central bank of France is planning to collaborate with private companies in the rollout of a central bank digital currency (CBDC) for institutional and retail clients. The bank issued recommendations for policies that could support the launch of CBDCs in the country. The central bank of France conducted an experiment on wholesale CBDC in 2020. A wholesale CBDC is a digital representation of the currency issued by a central bank to institutions, while retail CBDCs are meant for everyday us... Read More
Posted: Jul 21 2023, 18:07
Author Name: financemagnates
Views: 102088

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