The Bank of France announced the issue of digital currency, will this wave spread globally?
The Central Bank of France is said to be launching a digital asset in the coming year. However, they also emphasize that this is a decisively different currency than a crypto asset.
Bank of France is really releasing digital currency?
In a conversation with ACPR, the French regulator for banks, Francois Villeroy de Galhau, the Bank of France’s governor, said the bank would begin testing the digital currency project before the end of the first quarter of 2020.
#UPDATE “We want to start running experiments rapidly and will launch a call for projects before the end of the first quarter of 2020,” said Bank of France governor Francois Villeroy de Galhau, as concern grows among governments over new currencies planned by Facebook and others. pic.twitter.com/Maecroa792
— AFP news agency (@AFP) December 4, 2019
“Thresholds on the amounts of anonymous transactions, as is already done in France for payments in electronic money or cash, could be introduced for this purpose.”
Although not promoting headlong before months like China. However, if all goes well, France will launch the digital currency before the end of the first quarter of 2020. And this digital currency will be the first CBDC, before China’s digital renminbi.
And the FOMO wave reappeared
After this news appeared, the cryptocurrency community, especially the crypto players in France, responded enthusiastically. You must understand once the Bank of France confirms the effectiveness of digital currency, this will be a new premise for the cryptocurrency market.
According to prominent Bitcoin commentator RhythmTrader, banks and governments alike are continually laughing at Bitcoin. But, ten years later, they tried to imitate the idea of cryptocurrency. And this is a significant thing for the cryptocurrency community.
BREAKING: France’s central bank will launch tests on its own digital currency by next year.
Within a decade, governments, banks and corporations went from laughing at the idea of bitcoin to trying to imitate it.
That should blow your mind.https://t.co/o93kzWNd9W
— Rhythm (@Rhythmtrader) December 4, 2019
Before the information from France, Anthony Pompliano also made a few words. Anthony “Pomp” Pompliano is an American entrepreneur, investor, and U.S. Army veteran. According to him, this is only a matter of time before a series of central banks pursue a similar strategy. However, Bitcoin has an advantage over these projects in that these central banks cannot copy the separation between the state and the money created by real decentralization.
France’s central bank will be launching a digital currency.
Just a matter of time before every central bank pursues this strategy.
Bitcoin has the one advantage that these central banks can’t copy though — separation of state and money created by true decentralization.
— Pomp ? (@APompliano) December 4, 2019
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