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According to the Financial Times, the Bank of France used its central bank digital currency (CBDC) and used blockchain technology to execute a series of government bond transactions. The pilot project is led by the securities depository Euroclear, with the participation of the French Public Debt Office and a consortium consisting of BNP Paribas, Crédit Agricole, HSBC and Societe Generale. The pilot project traded government bonds as securities "tokens" and settled with the digital currency provided by the Bank of France, testing the utility of central bank digital currency in issuing new bonds, bond repurchases, payment of coupons and redemption transactions sex.
According to the Financial Times, the Bank of France used its central bank digital currency (CBDC) and used blockchain technology to execute a series of government bond transactions. The pilot project is led by the securities depository Euroclear, with the participation of the French Public Debt Office and a consortium consisting of BNP Paribas, Crédit Agricole, HSBC and Societe Generale. The pilot project traded government bonds as securities "tokens" and settled with the digital currency provided by the Bank of France, testing the utility of central bank digital currency in issuing new bonds, bond repurchases, payment of coupons and redemption transactions sex.
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