Denis Beau, the first deputy governor of Banque de France has referred to Central Bank Digital Currencies (CBDCs) as a foundation for a new global monetary system. According to him, CBDCs should be developed to implement cross-border payments rather than for local financial settlements alone and being a double for fiat. “(CBDCs) are the catalyst for improving cross-border payments by enabling the build-up of a new international monetary system.” ... Read More: Bank of France Deputy Governor Views CBDCs as a Catalyst For Cross-border Payments
