🚀 Crypto news: France sees CBDC as the future of the international monetary system! 🌐

Denis Beau, first deputy governor of the Bank of France, stated that central bank digital currencies (CBDC) are the "catalyst for improving cross-border payments" and the basis of a new international monetary system. He stressed the importance of considering cross-border issues from the beginning and not as an afterthought.

Beau proposes two paths to develop a CBDC:

1️⃣ Development of common standards and interoperability between wholesale CBDCs and legacy systems.

2️⃣ Development of regional or global CBDC platforms, promoted by the IMF and the BIS.

Beau also mentioned the successful Project Mariana, which explored the possibilities of an automated market maker (AMM) with the collaboration of the Bank of France, the Monetary Authority of Singapore and the Swiss National Bank.

Additionally, the official spoke about the tokenization of finance and expressed his belief that the public sector must support the private sector more to fully leverage the potential of blockchain technology, while limiting the risks. He sees the “availability of tokenized central bank money” and tokenized assets as allies, not competitors.

What do you think about the future of CBDCs? Comment below! 💬