In 2020, French Central Bank will start testing its digital currency

English Dec 10, 2019

France's central bank plans to test its own digital currency (CBDC) for financial institutions in 2020. The announcement was made at a conference co-organized by two major French financial regulators, the French Prudential Supervision and Resolution Authority and the Autorité des Marchés Financiers.

François Villeroy de Galhau, Governor of the Bank of France, announced that the bank will begin testing the digital euro project by the end of next year's first quarter. According to the report, the digital euro will only target players from the private financial sector and will not involve retail payments made by individuals. Villeroy noted that a digital currency for retail customers "would be subject to special surveillance."


Morel Hernandes

Writer passionate about politics, economics, blockchain and crypto-currencies.