Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan – Fintech Bitcoin News

28 Jun 2023 11:30 AM

Thomas Jordan said while the Central Bank has not ruled out launching retail CBDCs the bank is being "a little bit prudent at the moment."...

  • The Swiss National Bank (SNB) plans to issue a wholesale central bank digital currency (CBDC) as a pilot via SIX Digital Exchange.
  • The pilot CBDC project is expected to commence soon and will run for a limited period.
  • The experiment will involve the use of a real money equivalent to test real transactions with market participants.
  • The SNB is being cautious about launching a retail CBDC at the moment.

The sentiment of the article is neutral. It provides information about the SNB's plans to issue a wholesale CBDC pilot and their cautious approach towards launching a retail CBDC.

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You May Ask

What is the purpose of the pilot CBDC project?Which subsidiary of SIX will be involved in the issuance of the wholesale CBDC?What is the SNB's stance on launching a retail CBDC?Why is the SNB being cautious about launching a retail CBDC?What is the objective of central banks in launching their respective CBDCs?

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