A central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens.
Euro area central banks will set out plans for a wholesale central bank digital currency in the coming weeks, as they seek to innovate how financial institutions settle securities and foreign exchange transactions, the governor of France’s central bank said Tuesday.
“The Eurosystem has started exploring new technologies for the settlement of central bank money, including the issuance of a first type of tokenized CBDC,” François Villeroy de Galhau said at an event in Paris. “The eligibility criteria and the call of interest will be published in the coming weeks and experiments will be rolled out over the course of next year, including trials with real transactions.
The central bank would be exploring “alternative protocols and blockchains” as well as its own proprietary Distributed Ledger for Securities Settlement System, DL3S, he added. In a recent letter seen by CoinDesk, a group of cross-party EU lawmakers asked the ECB to postpone any decisions on a retail CBDC until they can agree on new legal constraints.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BIS and Central Banks Make Waves with Successful CBDC Test in Project MarianaBIS, France, Singapore, and Switzerland collaborate in Project Mariana, testing cross-border trading of wCBDCs.
Read more »
Apple plans to upgrade the App Store’s search engine, and it might not stop thereApple has all the pieces to mount a Google search competitor.
Read more »
Mayim Bialik still plans to reboot 'Blossom' but 'not as a sitcom'Mayim Bialik says the next installment of 'Blossom' would show the characters in a whole new light: 'We're hoping to reboot it not as a sitcom.'
Read more »
Rep. Lawler: Gaetz's McCarthy Plans 'Delusional Thinking'Rep. Mike Lawler called fellow GOP Rep. Matt Gaetz's announcement that he will be filing a motion to force House Speaker Kevin McCarthy from his seat because he relied on votes from Democrats to pass a 45-day continuing resolution a 'diatribe of delusional thinking.'
Read more »
The Trailist: Historic Trueheart Ranch has mile-long trail, big plansOpinion: The historic ranch's long-shuttered farmhouse, the abandoned equipment, overgrown pastures and orchards create a spooky vibe.
Read more »