On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and launched on a third‑party distributed ledger technology … [Read more...] about Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
France
CZ hints that France is in the running as the new Binance global headquarters
Binance boss Changpeng Zhao (CZ) said France stands out as a “natural choice” to locate a regional or even global headquarters.“France will be a natural choice for a regional, and even perhaps global, head office.”Speaking to the French financial media group Les Echos, CZ talked about the challenge of setting up physical locations – a move prompted by the global regulatory … [Read more...] about CZ hints that France is in the running as the new Binance global headquarters
Banque de France Calls for Further Examination of Wholesale CBDCs
France’s central bank has concluded that further examination of wholesale central bank digital currencies (CBDCs) is needed following its initial experiments.The Banque de France’s experiment commenced in March 2020, with results published Monday.“We have demonstrated that a wholesale CBDC would be of benefit for cross-border and cross-currency payments as it would improve the … [Read more...] about Banque de France Calls for Further Examination of Wholesale CBDCs
Binance to spend $115M in France to develop European crypto ecosystem
Global crypto exchange Binance is starting a 100-million euro ($115 million) initiative to develop the blockchain and crypto ecosystem in France and Europe, Binance CEO Changpeng “CZ” Zhao announced in a talk with French Minister Cédric O at the French Ministry of Finance in Paris.Binance is launching the new initiative, officially named “Objective Moon,” in partnership with … [Read more...] about Binance to spend $115M in France to develop European crypto ecosystem
Binance funds a $116 millon initiative aimed at developing a cryptocurrency ecosystem in France
Cryptocurrency exchange Binance has partnered up with France Fintech, a non-profit organization to accelerate the adoption of cryptocurrency in France. The $116 million initiative launched by Binance will assist in promoting crypto development in the region. The initiative was first disclosed by Binance’s CEO Changpeng ZhaoBinance’s new “objective moon” initiativeThe new … [Read more...] about Binance funds a $116 millon initiative aimed at developing a cryptocurrency ecosystem in France