France Announces It Has Kicked Off Second Stage of Wholesale CBDC Experiments

The French central bank, Banque de France, wants a working wholesale central bank digital currency ready to go as early as 2023, according to the bank’s governor, Fran├žois Villeroy de Galhau.

Galhau announced on Tuesday that the bank has kicked off the second phase of experimentation into a wholesale CBDC, which could be used to streamline domestic and cross-border transactions between banks.