Wholesale central bank digital currencies would improve cross-border payments, the central bank of France banquedefrance has determined after conducting multiple experiments using distributed ledger technology. By amitoj
. The French central bank said supporting Europe's exploratory work will be one of the next steps.
Among policy takeaways, the French central bank found that issuing a wholesale CBDC would complement a retail CBDCs such as a digital euro. Interoperability for seamless data exchange, international cooperation and public-private partnerships for a more inclusive global CBDC framework remain priorities, the banks said.
According to the bank,"climate concerns highlight the need to develop energy-efficient solutions in the design of wholesale CBDCs."
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