France’s central bank won’t issue its own digital currency anytime soon because doing so would be a complex undertaking that could hurt the country’s flailing economy. That’s the assessment of Pauline Adam Kalfon, a blockchain and cryptocurrency partner at PwC France.
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Kalfon admits there’s growing interest in bitcoin and blockchain in France.
“France’s central bank may not be the best entity to drive forward such a digital currency project, which would sit within the prerogatives of the European Central Bank.”
“Having said this, Banque de France could seize technological leadership by following European Central Bank guidance.”
“It is clear that a European-level project would be very complex and challenging governance-wise, requiring alignment and the political consensus of all relevant stakeholders from each Member State.”
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Pauline Adam Kalfon (Source: PwC)