April 19, 2024

Bank of France tested national digital currency

The Bank of France has settled digital bonds issued by the European Investment Bank onEthereum blockchain, in national digital currency (CBDC).

According to the regulator, this was technically implemented by creating smart contracts in the blockchain to issue and control the circulation of digital euro tokens.

CBDC was transmitted simultaneously withdelivery of digital securities to the bank and investor portfolios. In the coming months, the French Central Bank plans to conduct other experiments to evaluate how the central bank's digital currency is used in interbank settlements.

On April 28, it became known that the Europeanthe investment bank has issued digital bonds for 100 million euros. The securities were sold by banks Goldman Sachs, Banco Santander and Societe Generale.

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