France’s Central Bank to Launch a Blockchain Innovation Lab
The Banque de France has revealed that it is opening a blockchain innovation lab as it seeks to work more with blockchain startups. In a speech [PDF] presented by Banque de France governor Villeroy de Galhau last month at the Paris FinTech Forum, and published recently, the central bank explained that more work needs to be done with the blockchain. According to Galhau, ‘the digital revolution is creating challenges but also incredible opportunities that are just waiting to be seized, whether by FinTechs themselves, by the entire financial system or by the French and European economy as a....
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France’s central bank is opening up a new innovation lab, with an eye to collaborate with blockchain startups. In a speech given late last month by Banque de France governor Villeroy de Galhau and published today, the central bank indicated that it wants to widen its work with the tech. In December, central bank officials unveiled details of a digital identity trial which saw the institution work with public-private investment office Caisse des Dépôts et Consignations, Paris-based startup Labo Blockchain and a group of undisclosed domestic banks. That trial came months after the Banque de....
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France’s central bank has released a new report on financial stability in an era of digitization that multiple times touches on virtual currencies and blockchain technology. The report notes that the Banque de France is conducting its own research into the topic in cooperation with the Financial Stability Board (FSB), a body of central bank governors and government officials from the G-20 group of nations. The FSB highlighted its work in the area in February, and more recently, has been looking at the technology through the lens of financial innovation. According to a loose translation of....
Ghana’s recently launched regulatory and innovation sandbox is the latest proof of the central bank’s commitment to a regulatory environment that promotes “innovation, financial inclusion and financial stability,” a statement released by the Bank of Ghana has said. According to the central bank, innovations that are eligible for inclusion in the sandbox include digital financial service technology which is deemed to be new or “immature.” Fostering ‘Innovation and Financial Stability’ The Ghanaian central bank has touted the recently....
France’s central bank quietly released new details about its work with blockchain last week. The Banque de France said on Friday that it had tested the tech for hypothetical use in the management of SEPA Credit Identifiers, or identification markers used to establish the identity of creditors within the Single Euro Payments Area. The trial marks its first publicly acknowledged blockchain trial. According to the central bank, one of the key participants in the trial was the Caisse des Dépôts et Consignations, a public-sector organization that acts as a kind of investor on behalf of the....