The Swiss National Bank is reportedly amenable to expanding its digital currency project. “We would like to see a pilot which develops, with more banks joining and a higher volume of transactions,” said governing board member Antione Martin, whose comments at the the Point Zero...
Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh any potential benefits. Speaking at an event in Zurich, Jordan said both consumers and businesses have access to a wide...
The Swiss National Bank (SNB) is set to begin piloting a wholesale digital franc next month. The bank, along with six other lenders from Switzerland, Germany and Swiss digital exchange SIX, will issue the central bank digital currency (CBDC) on a blockchain, the SNB announced Thursday (Nov. 2)....
As central banks roll out central bank digital currencies (CBDCs) for both wholesale and retail use cases, public-private partnerships are expected to play a pivotal role. This is especially true for cross-border payments, where wholesale CBDCs are anticipated to improve transaction efficiency and security. Public-private partnerships are...
October 27, 2024
If the U.K. adopts a digital currency, citizens shouldn’t expect cash and coins to disappear. That’s according to Bank of England Governor Andrew Bailey, who said Saturday (Oct. 26) that the central bank will continue to provide paper money “for as long as people want.” “The evidence is they do want it, so we will […]
July 03, 2024
The Swiss National Bank is reportedly amenable to expanding its digital currency project. “We would like to see a pilot which develops, with more banks joining and a higher volume...
April 08, 2024
Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh any potential benefits. Speaking at...
November 02, 2023
The Swiss National Bank (SNB) is set to begin piloting a wholesale digital franc next month. The bank, along with six other lenders from Switzerland, Germany and Swiss digital exchange SIX, will...
