The Central Bank of France plans to begin testing its own CBDC (digital currency of the Central Bank) in the first quarter of 2020, according to a local publication Les Echos.
This statement was made today by the Chairman of the Bank of France, François Villeroy de Galhau. He expressed the desire to make France the first country to issue digital currency: We want to start experimenting as soon as possible and announce the launch of the project before the end of the first quarter of 2020. Digital euro will initially be used for transactions between banks and will not be available for retail payments. Villeroi added that consumer digital currency would require “special vigilance”: “To do this, limits can be entered on anonymous transactions, in the same way that electronic payments or cash are controlled in France.”