NFT Collection The Superlative Secret Society Price, Stats, and Review
XRP Price At Risk As Ripple Moves $250M?
Uniswap Price Eyes 30% Breakout as UNI Escapes 6-Month Correction
How to Build an Asset Class in Three Easy Steps
DOGE on the verge of crash as whales dump millions to buy into ETFSwap
Elizabeth Warren Clinches 3rd Term, Defeats Crypto Advocate John Deaton
Dogecoin and Shiba Inu Pumping as Bitcoin Passes $75K, Flockerz Could Explode Next
Bitcoin – Trump connection deepens as investors celebrate election results
Kraken Joins Forces With Robinhood and Other Crypto Firms To Roll Out Global Dollar Stablecoin
Binance Open Interest Break New Record, BNB Price To Rally?
Whales are snapping up these 3 hidden gems
Ripple CEO shares his ‘first 100-day’ checklist for Trump
Shiba Inu and Floki are old news; only this new altcoin may turn $100 into $12,000 by spring
Uniswap's UNI Token Soars 28% as Altcoins Outperform Following U.S. Presidential Election
Shiba Inu (SHIB) Bulls Target $0.000081, But it All Hinges on Breaking This Key Level First
Solana Surpasses Ethereum & Bitcoin in Popularity, Cybro's 3,000% Rally Shows No Signs of Slowing Down
Traders Rush to Grab BlockDAG’s 100% Bonus Before Offer Ends: Tron and BNB Prices Trend Upwards
Goatseus Maximus [GOAT] gains 56% in two days, targets $0.9 flip
3 Main Reasons Rexas Finance (RXS) Will Make More Millionaires Than Ripple (XRP) and Shiba Inu (SHIB) in the Upcoming Bull Run
Dogecoin May Be King of Memecoin, But XYZ Could Be the GOAT—Here’s Why
Seeking Profits Greater Than Dogecoin and Shiba Inu? A $1,000 Investment in XYZ Coin Could Yield $200,000 on Listing!
Best Underrated Cryptos to Buy – Here’s Why Celestia and BlockDAG Are the Best Cryptos for the Long Term
X Empire Price Rises 66% as KuCoin Unveils Saving Coins; $0.00015 in Sight?
France Announces Digital Currency Venture: Crypto Bulls Roar
According to a report from the AFP News Agency, France’s central bank will be launching a digital asset (decisively different than a crypto asset) in the coming year.
France to Launch Digital Currency
The outlet reported via Twitter, the Bank of France’s governor, Francois Villeroy de Galhau, said in a recent statement that his organization will start running “experiments” rapidly on digital assets and will “launch a call for projects” before the end of the first quarter of 2020 — literally just three or four months away. Galhau made this comment at ACPR, a French regulatory agency for banks and insurance based in Paris.
He further asserted that this venture, if launched, will not promote widespread anonymity in large transactions:
“Thresholds on the amounts of anonymous transactions, as is already done in France for payments in electronic money or cash, could be introduced for this purpose.”
If France launches its digital asset before Q1 of 2020, it could be the first leading first-world country to have such a venture, as it would come before China’s digital renminbi.
Crypto Bulls Excited
The crypto community has reacted to this news, noting that this move from France’s central bank effectively validates the entire premise of cryptocurrency. Prominent Bitcoin commentator RhythmTrader noted that “within a decade, governments, banks and corporations went from laughing at the idea of Bitcoin to trying to imitate it,” clearly illustrating the meaning of this venture to the cryptocurrency community.
BREAKING: France's central bank will launch tests on its own digital currency by next year.
Within a decade, governments, banks and corporations went from laughing at the idea of bitcoin to trying to imitate it.
That should blow your mind.https://t.co/o93kzWNd9W
— Rhythm (@Rhythmtrader) December 4, 2019
Anthony Pompliano of Morgan Creek Digital echoed this line, writing in his own tweet on the subject matter that it’s “just a matter of time” before “every” central bank pursues such strategy. Pompliano added that Bitcoin has an advantage over these projects in that “these central banks can’t copy the separation of state and money created by true decentralization.”
WHOA.
France’s central bank will be launching a digital currency.
Just a matter of time before every central bank pursues this strategy.
Bitcoin has the one advantage that these central banks can’t copy though — separation of state and money created by true decentralization.
— Pomp
(@APompliano) December 4, 2019
Featured Image from Shutterstock
The post France Announces Digital Currency Venture: Crypto Bulls Roar appeared first on NewsBTC.
