The Bank of France announced that in March it conducted the fifth testing of the state cryptocurrency with a number of investment banks, including BNP Paribas and the Euroclear settlement center.
According to a statement from the French Central Bank, the experiment was carried out in partnership with European blockchain company LiquidShare, and included the issuance and settlement of both listed and unlisted securities using the blockchain.
Axa Investment Managers, CACEIS Bank, CIC Market Solutions, Crédit Agricole Titres, Euronext, Kriptown, La Banque Postale, Caisse des Dépôts and other organizations also participated in the testing.
“This experiment made it possible to test the integration of issuing and settlement activities, including exchanges in the secondary market,” the Banque de France said.
The Central Bank of France notes that other experiments with the state cryptocurrency continue, and all the lessons learned will play an important role in analyzing the advantages of the central bank’s digital currency.
Recall that in June, the Bank of France and the National Bank of Switzerland announced the launch of an experimental project, Project Jura, to test government cryptocurrencies for international payments. The Banque de France also tested its digital currency in securities settlement last month.
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