The Swiss National Bank (SNB) will issue a central bank digital currency (CBDC) on Switzerland’s SIX digital exchange.
The global spread of digital assets has also mobilized countries. In many countries, efforts are being made to digitize traditional payment methods. CBDCs that stand out within the scope of these studies are inspired by cryptocurrencies.
The Swiss National Bank stated that it was aware of the decrease in the use of cash. Swiss National Bank Governor Thomas Jordan gave a CBDC message at a forum he attended.
Swiss National Bank Issues CBDC
The Swiss National Bank (SNB) is accelerating its central bank digital currency (CBDC) work. In Switzerland, where the protection of cash has been discussed in the past months, a new move has been made for the CBDC.
Swiss National Bank Governor Thomas Jordan spoke about CBDC at a forum he attended in Zurich. Jordan stated that as part of their CBDC work, they will issue a CBDC on Switzerland’s SIX stock exchange. Underlining that this is a pilot application, Jordan gave the message that they aim to measure the attitude of market participants.
With this work, the Swiss National Bank will reveal a digital currency equivalent to bank reserves. The purpose of this study will be to test real transactions through market participants.
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