central bank crypto race

The European Central Bank has been urged to move quickly w.r.t it’s crypto euro launch if it is to gain the edge over other regions (read China). 

Crypto Euro Plans Pursued

According to a Reuters report Bank of France, Governor Francois Villeroy de Galhau spoke at a finance conference in Paris this week urging the bank to accelerate its crypto euro plans. A number of nations are already in the process of launching their own CBDC’s (central bank digital currencies) and China is the most advanced at the moment. The Banque de France boss added;

“There would be some advantage in moving rapidly to issue at least a wholesale CBDC, as we would be the first such issuer in the world and would thus reap the benefits of having a benchmark CBDC,”

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