Swiss National Bank extends pilot of wholesale central bank digital currency issuance for two years

According to BlockBeats, on June 20, the Swiss National Bank decided to extend the pilot issuance of wholesale central bank digital currency for at least another two years, board member Antoine Martin said.

The project, which began in December and is due to end on June 30, has been "very successful" and will therefore be expanded, he said after the Swiss National Bank's interest rate decision in Zurich on Thursday.

“The SNB hopes that over time more financial institutions will be able to participate, making wholesale central bank digital currencies usable for a wider range of financial transactions,” Martin said.