France and Swiss National Banks announce completion of digital euro / Swiss franc based pilot projects

Although a trial has been carried out, central banks and banks in both countries have been notified to complete the final stages of CBDCs, reports and key procedures. Emergencies must be in place for appropriate management.

The French Central Bank (BdF), the Center for Innovation in Finance for International Conferences (BISIH) and the Swiss National Bank (BNS) announced on the 20th that they had completed a financial experience in Digital Banking Corporation (wCBDC). . The project focuses on cross-border payments using Euro and Swiss Franc wCBDC, which will be developed on a third-party information sharing technology platform.

Jura's experimental findings include the use of peer-to-peer networks on decentralized computing nodes (Corda) to identify changes while complying with all policies, regulations and operations that govern the country. Other reader details include the tokenization of the above laws and information on European trading, as well as short (one year or less) assets listed in euros. Finally, the Jura project will also include the development of real-time infrastructure capable of fully outsourcing, digitizing contracts and registering digital assets.

The campaign is over, but there is no guarantee that Swiss, French or European authorities will announce the wCBDC. The report concludes: “The integration of wCBDC into the new payments system could change the structure and functioning of capital, short-term financial and foreign markets. "

“Expanding banking spending through access to broader or higher cross-border payments can support this transition, as well as tight integration of money with other digital assets and securities.