Swiss Central Banks Groundbreaking CBDC Experiment with Real Money: Not Just an Ordinary Trial

By Lola Coin Jun 28, 202367Views

The Swiss central bank has announced plans to issue wholesale central bank digital currency (CBDC) on SIX Digital Exchange, a subsidiary of infrastructure operator SIX. The pilot CBDC project is set to begin soon and will run for a limited period, according to Swiss National Bank (SNB) chairman Thomas Jordan. He emphasized that the experiment will involve the use of real money equivalent to bank reserves and aims to test real transactions with market participants. By launching this project, the SNB joins other central banks around the world that have either launched their CBDCs or are still in the trial or study phase. The objective is to maintain control of digital payments and prevent the private sector from dominating. Jordan also explained that the central bank is currently cautious about launching a retail CBDC, although he did not rule it out entirely.

Continue reading on Bitcoin.com

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.