Is the central bank of France really working on its own digital currency?
In reality, this question could be answered both yes and no, but in order to explain the situation better, it is necessary to make a premise.
The national currency of France is the Euro, and the Banque de France is the second-largest capital subscriber of the European Central Bank (ECB), only behind the central bank of Germany.
Therefore neither France nor the French central bank have their own specific currency, despite having a very important role in the management of the European Central Bank, and therefore of the Euro.
That being said, technical testing of the digital euro began in France a few months ago.
This test is being carried out by the Banque de France itself, so it is correct to say that the French central bank is working on a digital currency and that in some ways the digital euro could be theirs.
Continue read: https://en.cryptonomist.ch/2020/08/08/france-central-bank-digital-currency/
