RATE Group | Bank of France tests digital euro as Bitcoin snoozes in a tight range
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Bank of France tests digital euro as Bitcoin snoozes in a tight range

21 May Bank of France tests digital euro as Bitcoin snoozes in a tight range

Posted at 04:00h in Cryptocurrency News by

  • The French central bank launched a pilot program of digital euro.
  • The cryptocurrency market is dormant in tight ranges.

Bank of France has performed the successful tests a digital euro, according to the recent announcement published by the regulator. The central bank said that it had managed to sell securities for central bank digital currency (CBDC) on May 14 and declared the beginning of the testing procedures. 

Bank of France backed the development of the CBDC at the end of March, now the prototype is operational on a blockchain. 

While the bank did not go into the detail, it made clear that the pilot project is focused on wholesale rather than a retail segment.

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