François Villeroy de Galhau, French banker and governor of the Central Bank of France, has noted that the financial system would immensely benefit from a partnership between the private technology behind cryptocurrencies and the public image of conventional banking system.
François Villeroy de Galhau wants the technological innovation of Crypto incorporated into central banks
Speaking at the World Economic Forum Annual Meeting of 2022 in Davos, Switzerland on the concept of Central Bank Digital Currencies (CBDC), Villeroy suggested that the innovation that comes from the private sector be partnered with the trust that central banks have garnered from the public over the years.
According to him, this should be in an attempt to give citizens and corporate financial institutions access to both central bank currencies and the best technology, stating that it is not ideal to have these two sides apart, ultimately creating a reason for financial bodies and citizens to have to choose one...
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