French central bank solicits digital currency experimental project

On March 27th, the Bank of France (Banque de France) released a call for proposals for the application of the CBDC "experiment". The French central bank said that these projects will help the French central bank understand the risks and mechanisms of the CBDC and will also facilitate a dialogue on digital cash in the euro area.

It is reported that the experiment is divided into three stages, which will guide these projects on all aspects of the CBDC issue, including designing digital currency, analyzing its impact, and ultimately executing operations. In addition, the project will examine the potential impact of CBDC on market infrastructure, monetary policy, macroeconomic factors, and legal and regulatory frameworks. Applicants must be located in the European Union, and the French central bank will select up to 10 candidates on July 10.