Banque de France has embraced the global perspective on the central bank digital currency (CBDC) discussion, touting it as a foundation of the new international monetary system. Denis Beau, First Deputy Governor at Banque de France, believes that CBDCs could improve cross-border payments by enabling the build-up of a new international monetary system. He sees two paths for the development of CBDCs: the development of common standards and interoperability between wholesale CBDCs and legacy systems, and the development of regional or global CBDC platforms. Project Mariana, which explored the possibilities of an automated market maker (AMM), was successfully finished in late September. Beau also expressed his belief that the public sector must support the private sector more than ever to enable the full potential of blockchain while limiting the risks. He believes that tokenized “central bank money availability” and tokenized assets are allies rather than competitors.

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Information	Details
Geography	Europe
Countries	🇫🇷 🇸🇬 🇨🇭 🇵🇹
Sentiment	positive
Relevance Score	8
People	Bank for International Settlements, Denis Beau, Monetary Authority of Singapore, Swiss National Bank, International Monetary Fund
Companies	International Monetary Fund (IMF), Bank for International Settlements (BIS), Swiss National Bank, Project Mariana, Banque de France
Currencies	Ethereum, Impossible Finance, Bitcoin, Euro, CBDC
Securities	None