French central bank selects eight candidates for testing crypto solutions

After carrying out tests of a digital euro with Société Générale, the central bank of France chose a list of candidates to test different applications of a digital currency.

On Monday (20), Banque de France, the central bank of France, announced that it had selected eight candidates as part of a major initiative to test cryptocurrency solutions.

The central bank said the experiments will cover numerous areas - although not necessarily in the scope of transferring crypto-assets - and will begin "in the next few days".

The list of candidates includes major banks, among other companies:

- Accenture;
- Euroclear;
- HSBC;
- Iznes;
- LiquidShare;
- ProperUS;
- Seba Bank;
- FORGE of Société Générale.

“The experiments proposed by the selected candidates will allow (i) to explore new methods for exchanging financial instruments (outside cryptography) to central bank money, (ii) to test the central bank's regulation of digital money to improve conditions for making payments and (iii) revisit the mechanisms to make central bank money available, ”said the central bank.

The Block had previously reported that France's central bank was testing a digital euro.

Banque de France conducted this experiment with Société Générale, one of the participants in the new program. Société Générale has already focused on numerous projects focusing on blockchain, including asset tokenization.

In its statement this Monday, Banque de France stated: "the lessons learned from these experiments will result in a direct contribution to the more global reflection led by the Eurosystem in relation to a digital currency issued by the central bank".

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