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Swiss central bank wants a true digital currency

by CBDC Insider Staff
February 27, 2020
in Business, Europe
Reading Time: 1min read
0
Swiss central bank wants a true digital currency
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While there may be a Swiss franc stablecoin by the end of the year, Switzerland has far more ambitious plans.

In brief
*Swiss central bank is building its own digital currency.
*It wants to issue and run the currency itself, rather than use a third party stablecoin.
*It is trialling a joint approach but is pessimistic about the results.
Switzerland’s central bank clarified today that it wants a pure digital currency, in order to take full advantage of the technology. Speaking at Coingeek 2020, Thomas Moser, alternate member of the governing board at the Swiss National Bank (SNB), explained that the most likely outcome isn’t the most optimal.

Continue reading: https://decrypt.co/20145/swiss-central-bank-wants-a-true-digital-currency

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