France Won’t Launch Cryptocurrency Anytime Soon: PwC Blockchain Exec

Samantha Chang
Don't expect France to hop on the crypto train anytime soon. | Source: Shutterstock

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.

Pauline Kalfon: Bitcoin is Great, But Cool Your Heels

Kalfon admits there’s growing interest in bitcoin and blockchain in France.

However, she warned against unchecked over-exuberance, saying the virtual currency economy needs to be battle-tested to ensure that investors are protected from scams, Forbes reported.

“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.”

Crypto Should Be ‘Battle-Tested’ By Corporations

Pauline Adam Kalfon bitcoin

Pauline Adam Kalfon (Source: PwC)

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