The official emphasized the necessity of considering the cross-border issue regarding CBDCs from the outset and not as an afterthought.
Representatives of Banque de France, the French central bank, have embraced the global perspective on the central bank digital currency discussion, touting it as the foundation of a new international monetary system.the CBDC “the catalyst for improving cross-border payments by enabling the build-up of a new international monetary system.” The official emphasizes the necessity of considering cross-border issue around CBDCs from the outset and not as an afterthought.
Beau cited the example of Project Mariana, which explored the possibilities of an automated market maker . The project, involving the Banque de France, the Monetary Authority of Singapore and the Swiss National Bank,The official talked not only about the CBDCs but also about the tokenization of finance. He expressed his belief that the public sector must support the private sector more to enable the full potential of blockchain while limiting the risks.
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