Swiss Central Bank’s Chairman, Thomas Jordan, announced the launch of a wholesale Central Bank Digital Currency (CBDC) pilot program on Switzerland’s SIX digital exchange. Despite exploring CBDC potential, the Swiss Central Bank remains cautious about adopting retail CBDCs due to possible financial system risks.
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Swiss CBDC Pilot Project: Balancing Innovation and Skepticism Among Authorities
The Swiss National Bank (SNB) announced plans to launch a wholesale central bank digital currency (wCBDC) pilot project with real money, testing real transactions with market participants. This move indicates a positive approach towards blockchain technology and digital currency adoption, but skepticism remains among some Swiss officials about retail CBDC issuance.