According to a report from the AFP News Agency, France’s central bank will be launching a digital asset (decisively different than a crypto asset) in the coming year.<\/p>\n
The outlet reported via Twitter<\/a>, the Bank of France’s governor, Francois Villeroy de Galhau, said in a recent statement that his organization will start running “experiments” rapidly on digital assets and will “launch a call for projects” before the end of the first quarter of 2020 \u2014 literally just three or four months away.\u00a0Galhau made this comment at ACPR, a French regulatory agency for banks and insurance based in Paris.<\/p>\n He further asserted that this venture, if launched, will not promote widespread anonymity in large transactions:<\/p>\n “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.”<\/p><\/blockquote>\n If France launches its digital asset before Q1 of 2020, it could be the first leading first-world country to have such a venture, as it would come before China’s digital renminbi.<\/p>\n The crypto community has reacted to this news, noting that this move from France’s central bank effectively validates the entire premise of cryptocurrency. Prominent Bitcoin commentator RhythmTrader noted that “within a decade, governments, banks and corporations went from laughing at the idea of Bitcoin to trying to imitate it,” clearly illustrating the meaning of this venture to the cryptocurrency community.<\/p>\n BREAKING: France's central bank will launch tests on its own digital currency by next year.<\/p>\n Within a decade, governments, banks and corporations went from laughing at the idea of bitcoin to trying to imitate it. <\/p>\n That should blow your mind.https:\/\/t.co\/o93kzWNd9W<\/a><\/p>\n — Rhythm (@Rhythmtrader) December 4, 2019<\/a><\/p><\/blockquote>\nCrypto Bulls Excited<\/strong><\/h2>\n
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