May 21, 2020 French central bank completes successful test of blockchain-based CBDC.

Banque de France, the central bank of France stated on Wednesday that it has successfully completed an initial test of its blockchain-based central bank digital currency (CBDC). The central bank conducted the test with the assistance of the investment bank, Societe Generale, with the investment bank settling a €40 million bond issuance, which itself was issued as a security token, with the new currency medium. The central bank now intends to conduct additional experiments with other partners over the coming weeks with the efforts contributing to CBDC efforts within the broader Eurozone area, according to the organization.