France Declares to Research on State-backed Blockchain-based Cryptocurrency

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The Central bank of France, in a recent speech, declared that they would research a state-supported blockchain-based digital currency. Denis Beau, Banque de France’s First Deputy Governor, expressed that the eurozone needs to develop a Central bank digital currency (CBDC) because “disorderly approaches and heterogeneous adaptations” would develop during its absence. “As a major provider …

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