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Writer's pictureFahad H

French Central Bank Job Posting Reveals Digital Currency Program


The central monetary establishment of France, Banque de France, is in the hunt for a blockchain analyst who will help the monetary establishment define a program for implementing digital international cash.

In a job opening posted on October 16th and listed beneath the Financial Stability and Operations division of the monetary establishment, the monetary establishment known as for an analyst with experience in crypto-economics, recreation idea and public or private blockchain. The monetary establishment will also be hiring a development engineer to examine the equipment of blockchain to key banking options. Banque de France declined to comment.

For the analyst place, the institution cited Quorum, Hyperledger and Corda as examples of private blockchain experience and the bitcoin and ethereum blockchains as examples of public blockchain experience.

The monetary establishment moreover needs the analyst to experiment with completely different blockchain specialists throughout the eurosystem, participate in blockchain proof-of-concepts inside and outdoor the monetary establishment and set up monetary factors related to how monetary protection is carried out.

Historically, Banque de France has been aggressively centered on blockchain and by no means bitcoin.

In December 2019, the monetary establishment ran a digital id trial that examined using blockchain throughout the administration of identification markers used to find out the id of collectors all through the Single Euro Payments Area. A few months after that trial, the monetary establishment’s governor launched that it might open a fintech innovation lab, which might include blockchain startups.

Despite its curiosity throughout the know-how underlying bitcoin, the monetary establishment proposed banning insurance coverage protection companies, monetary establishment companies and perception companies from touching crypto-assets in March 2019.

The monetary establishment’s place softened recently, nonetheless, with Denis Beau, a deputy governor of the monetary establishment, calling for a world regulatory framework on crypto-assets earlier this 12 months.


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