Banque De France Calls for An Embrace of Blockchain Financial Solutions In The Euro-System

France’s central bank First Deputy Governor speaks on all of the Eurozone adopting a blockchain-based settlement system or at least considering central bank digital currency (CBDC). The Central Bank of France is pushing for a blockchain-powered settlement system in the European region for quick and cost-effective euro transfers. Dennis Beau, the Deputy Governor, spoke in…

Central Bank of Russia Reviews Potential Benefits and Drawbacks of CBDCs

The central bank of Russia has reviewed the potential benefits and drawbacks of central bank digital currencies (CBDC) in a policy brief published on April 18. In the document, entitled “Is there a future for central bank digital currencies,” the Central Bank of the Russian Federation outlined a number of potential benefits of CBDCs, such as their capability to reduce transaction costs in the economy, as…