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#Swiss #National #Bank Will Do a Test Run of CBDCs... 🔥🔥 During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss Nation Bank (SNB). Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released sooner rather than later. This seems in line with earlier statements from the BIS – who often work closely with the SNB – who planned to have a working prototype ready by mid-2023 as part of Switzerland’s research into cryptocurrencies, codenamed Project Tourbillon.
#Swiss #National #Bank Will Do a Test Run of CBDCs... 🔥🔥

During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss Nation Bank (SNB).

Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released sooner rather than later. This seems in line with earlier statements from the BIS – who often work closely with the SNB – who planned to have a working prototype ready by mid-2023 as part of Switzerland’s research into cryptocurrencies, codenamed Project Tourbillon.
In a rapidly changing financial landscape, #Switzerland 🇨🇭 has gone its own way. The country does not belong to the European Union nor does it use the bloc's currency, the euro. Instead, Switzerland has its own currency, the #Swiss franc. The Alpine nation has been considering its digital currency for some time. In January 2021, the country patented terms such as "e-franc" and "digital Swiss franc." However, the country's financial elite knew it wanted a wholesale-only option from 2020. #CBDC #SwissNationalBank
In a rapidly changing financial landscape, #Switzerland 🇨🇭 has gone its own way.

The country does not belong to the European Union nor does it use the bloc's currency, the euro. Instead, Switzerland has its own currency, the #Swiss franc.

The Alpine nation has been considering its digital currency for some time. In January 2021, the country patented terms such as "e-franc" and "digital Swiss franc." However, the country's financial elite knew it wanted a wholesale-only option from 2020.

#CBDC #SwissNationalBank
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