Bank of France – DIGIT INFO

Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation

DIGIT — Fri, 20 Jan 2023 11:30:13 +0000

A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation for blockchain applications seeking to offer products similar to […]

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Bank of France Governor Calls for Mandatory Licensing for Crypto Companies

DIGIT — Sun, 08 Jan 2023 07:30:22 +0000

France has to adopt a licensing regime for crypto service providers, the head of the country’s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the “disorder” in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de […]

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French central bank governor pushes for crypto licensing ahead of EU laws

DIGIT — Fri, 06 Jan 2023 02:34:52 +0000

The Bank of France’s head said turmoil in the crypto markets proves the need to move to a mandatory licensing scheme for crypto firms “as soon as possible.”

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Global financial regulators will discuss crypto at G7: Report

DIGIT — Tue, 17 May 2022 17:00:01 +0000

Bank of France Governor François Villeroy de Galhau reportedly said that the recent crypto market volatility had been a “wake-up call” for global regulators.

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Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial

DIGIT — Thu, 09 Dec 2021 18:30:09 +0000

Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies […]

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Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

DIGIT — Fri, 03 Sep 2021 12:30:10 +0000

The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led by the Bank for International Settlements, aims to establish whether they can simplify transactions and make them cheaper. Reserve Bank of Australia Teams Up With […]

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‘We don’t have much time left’ to regulate crypto, says Bank of France governor

DIGIT — Tue, 29 Jun 2021 21:27:00 +0000

“We in Europe need to move as quickly as possible or risk an erosion of our monetary sovereignty,” said Francois Villeroy de Galhau.

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Bank of France, Swiss Crypto Bank Test Securities Settlement Using CBDC

DIGIT — Wed, 23 Jun 2021 01:00:54 +0000

The Bank of France has successfully completed an experiment involving the use of CBDC to settle listed securities. The test has been carried out with the help of an alliance of partners led by SEBA Bank, a digital asset banking provider based in the Swiss crypto valley. Central Bank and Crypto Company Conduct Successful CBDC […]

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Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

DIGIT — Fri, 11 Jun 2021 14:00:02 +0000

The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture. European Central Banks to Collaborate on CBDC Project The Swiss National Bank (SNB), […]

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French Lawmaker Signs Petition to Allow Central Bank to Buy and Hold Bitcoin

DIGIT — Sun, 14 Mar 2021 19:30:07 +0000

A French parliament member has signed a petition to amend the laws to enable the central bank of France to buy and hold bitcoin as well as other cryptocurrencies. The petition urges lawmakers to urgently consider the matter, warning that not owning bitcoin will put France “in a financially weak position within 5-10 years.” Petition […]

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