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 Program: Enthusiasm, Challenges, and the Future of Digital Currencies
Swiss National Bank (SNB) Chairman Thomas Jordan announced an experimental central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange. Intended for financial institutions, this pilot program aims to test real transactions with market participants, joining 18 countries piloting CBDC technology worldwide.
Hypothekarbank Lenzburg Navigates The Blockchain Wave: A Swiss Tale of Digital Assets & Risks
“Hypothekarbank Lenzburg, a Swiss bank with over $7 billion assets, has joined the Six Digital Exchange, becoming the sixth Swiss bank to do so. This move enables the bank to trade a variety of digital securities on a blockchain-oriented platform.”
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.