#SwissNationalBank to launch wholesale #CBDC pilot
At a conference in Zurich on Monday, the president of the #SNB announced that the bank plans to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital exchange as part of a pilot project.
A wholesale CBDC is designed for financial institutions to use for #interbank transactions. A retail CBDC, on the other hand, is for use by the general public.
