Swiss Central Bank to Launch Real-World CBDC Pilot The c | Crypto Box Shilling - Memecoin

Swiss Central Bank to Launch Real-World CBDC Pilot

The chairman of Swiss Central Bank,Thomas Jordan, has announced that the central bank is launching a wholesale CBDC on Switzerland's SIX digital exchange as part of a pilot.

In a conference at Zurich on Monday, the Swiss central bank chair said that the project would begin soon.
The wholesale CBDC pilot will run on the Swiss SIX digital exchange for a limited time, the bank chair said.

The Swiss Central Bank has continued to remain skeptical of the idea of a retail central bank-backed digital currency. Swiss bank chair Jordan expressed his concern about potential risks retail CBDCs could have for the financial system.

He added that the use of retail CBDCs was more difficult to control.

"We do not exclude that we will never introduce retail CBDCs but nevertheless we are a little bit prudent at the moment."