{"id":61934,"date":"2022-05-24T14:51:49","date_gmt":"2022-05-24T11:51:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61934"},"modified":"2025-09-05T15:04:01","modified_gmt":"2025-09-05T12:04:01","slug":"frances-central-bank-governor-forecasts-cbdc-launch-in-the-next-three-to-five-years","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/frances-central-bank-governor-forecasts-cbdc-launch-in-the-next-three-to-five-years\/","title":{"rendered":"France’s central bank governor forecasts CBDC launch in the next three to five years"},"content":{"rendered":"

In the next three years a \u201cstrong\u201d national digital currency will emerge worldwide. The forecast was given by France’s central bank governor Fran\u00e7ois Villeroy de Galhau, The Block<\/a> reports.<\/p>\n

That is how the head of the monetary authorities responded to a question on the prospects for using CBDCs for everyday transactions.<\/p>\n

\n

“We have conducted several experiments that brought us closer to this. They are not yet generalized, but we can implement this in the next three years. With wholesale CBDC, there are fewer questions,”<\/em> the official said.<\/p>\n<\/blockquote>\n

IMF<\/span> Managing Director Kristalina Georgieva backed this stance. She said there would be a \u201cbroad presence\u201d of CBDCs in the next five years.<\/p>\n

Panelists in Davos mentioned digital nairas<\/a>, digital yuan<\/a> and the Sand Dollar of the Bahamas<\/a>.<\/p>\n

Georgieva also touched on the TerraUSD collapse.<\/p>\n

\n

“When someone promises you 20% profits from something not backed by any assets, what would you call it? For us, it’s a pyramid.”<\/em>, she stressed.<\/p>\n<\/blockquote>\n

The IMF Managing Director expressed sympathy for those who lost money in the Terra project. She urged a better understanding of this \u201cnew investment world,\u201d where not all assets deserve to be called stablecoins.<\/p>\n

With proper regulation, cryptocurrencies can offer faster service, lower costs and wider reach. But only if we separate apples from oranges and bananas, she added.<\/p>\n

G7 finance ministers urged faster crypto regulation after the TerraUSD crash.<\/a><\/p>\n

Earlier, Fabio Panetta, a member of the ECB’s Executive Board, said the digital euro could be issued by 2026.<\/a><\/p>\n

Subscribe to ForkLog news on Telegram: ForkLog Feed \u2014 the full news stream, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the next three years a \u201cstrong\u201d national digital currency will emerge worldwide. The forecast was given by France’s central bank governor Fran\u00e7ois Villeroy de Galhau, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":61935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1410,36],"class_list":["post-61934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-ecb","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61934"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61934\/revisions"}],"predecessor-version":[{"id":61936,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61934\/revisions\/61936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61935"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}