CBDCs must support tokenized assets, or stablecoins will take over: French central bank
Banque de France says cross-border payments must be at the heart of CBDC development while touting blockchain tokenization as the future of asset management.
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BIS completes wholesale CBDC trial for FX, cross-border payments
In Project Mariana's proposed design, central banks do not need to control the underlying platform but will rely on smart contracts that follow industry best practices.
BIS concludes wholesale CBDC experiment for FX, cross-border payments
The Bank for International Settlements has released the Project Mariana report, exploring challenges and solutions in a wholesale CBDC pilot for cross-border FX transactions using blockchain.
Banque de France outlines 3 potential models for wholesale CBDC in new report
In its second CBDC report, Banque de France lays out three wholesale models prioritizing interoperability over other frameworks with cross-border settlements as a top objective.
Banque de France governor proposes EU-focused DLT network for asset tokenization
Under Banque de France Governor François Villeroy de Galhau's proposal, CBDC, tokenized bank deposits, and other digital currencies may be exchanged for value under one network.
French central bank explores DeFi risks and regulation
The French central bank published a detailed discussion paper this week on DeFi, exploring its risks and the potential regulatory changes that could mitigate them.
SWIFT’s cross-border CBDC experiments show promise as participants prepare for phase 2
The 12-week study, involving 18 banks and financial institutions, shows the potential utility of CBDCs in settling cross-border transactions, prompting participants to proceed with the next phase.
French central bank to explore wholesale CBDCs and utility of tokenized bonds
Apart from considering the benefits of wholesale CBDCs, Villeroy de Galhau notes that the central bank is also looking to improve CBDCs' liquidity management in DeFi using automated market makers.
Bank of France governor announces phase 2 of digital euro development
François Villeroy de Galhau, governor of the Banque de France, said the second phase would see four or five experiments carried out on the digital euro platform.
French central bank completes CBDC bonds pilot
Working alongside some of the country’s biggest private banks, the Banque de France ran over 500 transactions during the CBDC pilot.
French central bank trials CBDC-based securities settlement
The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France partnered with Swiss bank SEBA as well as two Luxembourg institutions.
New York regulator inks fintech partnership with France
The memorandum is aimed at removing barriers to firms looking to operate interchangeably between the two markets.