Tuesday, October 7, 2025

Latest

Bank of France Settles $2.4 Million in Digital Currency Pilot Project

With pressure continuing to mount on banking institutions and national governments to align themselves with the growing cryptocurrency space, the Bank of France recently revealed it had successfully completed a central bank digital currency (CBDC) pilot project back in December.

According to an announcement by Le Banque de France, the central bank began a pilot project on December 27, which saw the purchase and sale of $2.4 million in simulated shares by investors using a CBDC. This is the first time that CBDC technology was used to settle monetary fund shares on a private blockchain platform, and mirrors China’s CBDC pilot project, which has processed more than 3 million transactions since its launch.

The Bank of France’s pilot project utilized distributed ledge technology and a CBDC stablecoin, both of which were provided by SETL — a regulated blockchain services provider based in the UK. SETL also provided its IZNEZ record-keeping platform, as a means of maintaining complete oversight of the instant transactions.

The potential mainstream utilization of CBDCs is becoming a focal point for a number of central banks around the world. In January, US Federal Reserve Chairman Jerome Powell revealed to Yahoo Finance that the creation of CBDCs has topped the list of the central bank’s main priorities, especially as a means of combatting some of the risks associated with the growth of cryptocurrency stablecoins.


Information for this briefing was found via Le Banque de France, Yahoo Finance, and Coindesk. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

“I’d Close It Down”: JPMorgan CEO Jamie Dimon Slams Crypto at Senate Hearing

JPMorgan Chase CEO Jamie Dimon reiterated his strong opposition to cryptocurrency during a hearing with...

Thursday, December 7, 2023, 01:14:00 PM

Signature: What Happened In The Third-Biggest Bank Failure In The US?

No matter how Jim Cramer hyped Signature Bank (NASDAQ: SBNY) back in 2022, the reality...

Tuesday, March 14, 2023, 03:40:00 PM

France Protests Against Pension Reform Escalate To Storm BlackRock Offices

Demonstrators stormed BlackRock’s Paris office on Thursday, carrying their protest against the government’s pension reforms...

Thursday, April 6, 2023, 12:10:00 PM

Hong Kong Veers Away From China, Plans to Legalize Retail Crypto

Hong Kong is taking steps to reassure businesses that the city’s official stance on cryptocurrencies...

Friday, October 28, 2022, 03:13:00 PM

Andreessen Horowitz Projects [Misplaced] Optimism In State of Crypto 2023 Report

The State of Crypto 2023 report from venture capital firm Andreessen Horowitz (a16z) provides a...

Monday, April 17, 2023, 06:16:00 AM