The Bank of France recently released analyzing the possibilities of the (European Central Bank) ECB launching a CBDC. The report contained that the adoption of CBDC by the bank relies on certain guidelines for the asset because it will be merged alongside existing provisions so there won’t be any need for legal texts. ECB, in recent times, has taken bold steps after the bank’s president Christine Lagarde has been positive regarding issues around CBDC. According to her, the digital currency would ensure faster and efficient cross-border payments as it has been a source of concern to the bank and its
