Bank Collaboration Approved By Banque De France To Test CBDC For Interbank Settlements
Comment of the Day

August 03 2020

Commentary by Eoin Treacy

Bank Collaboration Approved By Banque De France To Test CBDC For Interbank Settlements

This article from Tokencrunch may be of interest to subscribers. Here is a section:

A collaboration of the SEBA Bank AG and the Tezos Foundation to test the integration of a CBDC for interbank settlements was one of 8 successful projects chosen by the Banque De France announced on the 20th of July. Many people had speculated whether Tezos was involved with at least one of the eight projects.

One link involved NeoFacto, partners with Tezos core development team Nomadic Labs and also partners to successful CBDC project applicants Société Générale Forge.

However, it seems that the Tezos Foundation has collaborated with SEBA Bank AG based in the Crypto Valley in the same cryptocurrency-friendly region where the Tezos Foundation is based.

A post on LinkedIn from CV Labs a Swiss incubator also based in the Crypto Valley who have relationships with both the Tezos Foundation and SEBA Bank AG appeared to congratulate both Société Générale and SEBA Bank on the project whilst also tagging several prominent Tezos Foundation figures and also displaying the Tezos logo in the visual image.

Eoin Treacy's view

China is not the only country actively exploring the creation of a digital currency. The fact that the French central bank is also exploring a digital currency outside of its subservience to the ECB might on first impression seem a little odd. However, it is does highlight the fact many central banks see the evolution of crypto tokens as a dual currency overlay within the limits of what the view as an evolution of conventional money control measures.

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