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

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."

Autre sujet crucial : l’éventuelle création d’une monnaie digitale de banque centrale. « Nous devons apporter notre pierre à l’édifice de cette innovation, mais de manière sérieuse et méthodique », François Villeroy de Galhau à la conférence de l’#ACPR cc @ACPR_actu

— Banque de France (@banquedefrance) December 4, 2019