The head of France’s central bank says European lenders have benefited from tough love. In a speech in Paris on Tuesday (May 9), Bank of France Governor Francois Villeroy de Galhau said Europe’s banks undergo stricter scrutiny from regulators than their American counterparts and have...
After a volatile week for stablecoins and cryptocurrencies, this week begins with a fresh call from European Union regulators to look into this space and to boost alternatives to private digital money, namely, a digital euro. On Monday (May 16), two top officials of central...
The Bank of France wants to investigate the specifics of a central bank digital currency (CBDC) for wholesale use, Bloomberg reported. A CBDC could help standards for securities settlements and minimize possible fragmenting from multiple private versions existing, the bank found, per the report. A...
In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. economy could lose $10.3 billion to the Chinese travel ban and Visa plans the biggest interchange fee revamp in...
April 03, 2024
Tokenization is gaining momentum on the global stage, and with commercial applications. The Bank for International Settlements announced Wednesday (April 3) that it is working in tandem with seven central banks — including the Federal Reserve Bank of New York — to test tokenization in a bid to improve cross-border payments. In addition, Project Agorá, as the initiative is known, will […]
February 05, 2020
In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. economy could lose $10.3...
May 09, 2023
The head of France’s central bank says European lenders have benefited from tough love. In a speech in Paris on Tuesday (May 9), Bank of France Governor Francois Villeroy de Galhau said Europe’s banks undergo stricter scrutiny from regulators than their American counterparts and have been more stable amid market upheavals. “Our banks are robust, […]
November 08, 2021
The Bank of France wants to investigate the specifics of a central bank digital currency (CBDC) for wholesale use, Bloomberg reported. A CBDC could help standards for securities settlements and...
February 05, 2020
The former Bank of France (BoF) governor Christian Noyer said that a centralized, global eCurrency is still at least a decade away. Although physical money is being used less and...
January 26, 2020
Bank of France Governor Francois Villeroy de Galhau said on Saturday (Jan. 25) that central banks should be in charge of issuing electronic currency, not private companies, Reuters reported. Partially...
