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Central banks in a distributed-ledger technologies world

· François Villeroy de Galhau, Governor of the Banque de France (France)

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· François Villeroy de Galhau Wiki · Banque de France WikiCentral banks in a distributed-ledger technologies world

ContextSpeech (virtual) by François Villeroy de Galhau, Governor of the Bank of France, at the Bank for International Settlement's Innovation Summit, 22 March 2022.

Why it mattersVilleroy applies the principle of same activity, same rules to distributed ledgers.

Problems raised
  1. DLTs are expanding fast.
  2. They could disrupt finance.
  3. Regulation must keep up.
Solutions proposed
  1. Apply 'same activity, same risks, same rules'.
  2. Ensure a square of guarantees.
  3. Explore central bank role in DLTs.
Read full speech on bis.org ↗

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