LIVE**Just In: 🚨** French Central Bank Explores Wholesale Central Bank Digital Currency (CBDC) 🇫🇷💱
French Central Bank Governor François Villeroy de Galhau has announced plans to introduce a wholesale Central Bank Digital Currency (CBDC) in the coming weeks. The Eurosystem is actively researching new technologies for central bank fund settlement, including tokenized CBDCs. Eligibility criteria will be disclosed soon, with real transaction trials scheduled for next year. Villeroy de Galhau emphasized the importance of permissioned networks and smart contracts, allowing central banks to manage funds supply, crucial for inflation and financial stability control.
Foreign media speculates that the wholesale CBDC initiative will progress more swiftly compared to the retail CBDC, which faces ongoing opposition and controversy.