The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Switzerland Pilots Wholesale CBDC with Major Investment Banks
    Crypto News

    Switzerland Pilots Wholesale CBDC with Major Investment Banks

    January 13, 20221 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    CBDC (Central Bank Digital Currency) Abstract Cryptocurrency. With a dark background and a world map. Graphic concept for your design.
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Switzerland is planning to launch a wholesale central bank digital currency (CBDC).

    • The Bank for International Settlements (BIS), the Swiss National Bank (SNB) and the country’s stock exchange, SIX, has piloted the integration of wholesale CBDC settlement.
    • The prototype also includes five other commercial banks: Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg, and UBS.
    • Wholesale CBDC is not the same as a digital currency issued by a central bank, an idea Switzerland has already ruled out.
    • None of the SNB or SIX has confirmed that the launch of the wholesale CBDC in Switzerland is close. Most countries have started at least considering some form of CBDCs.
    • Benoît Cœuré Hub Head BIS innovation stated that the innovation had been utilized to perverse the best elements of the current financial system, including settlement in central bank money while unlocking new benefits.

    The testing, which was conducted over three days at the beginning of December 2021, determined that issuing a wholesale CBDC was operationally possible and feasible under Swiss law.

    BTC USD up +0.55%

    Source: CoinDesk

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    CBDC crypto Sweden
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Bitcoin dips

    Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’

    June 29, 2022
    Crypto disaster

    Crypto Disaster Drags Providing Returns From 25,000% to Nearly No

    June 27, 2022
    XRP leads

    XRP Leads Crypto Majors Recuperation, Bitcoin Rises Over $21K as Rate-Hike Issues Subside

    June 24, 2022
    SEC chair looks for a unified crypto

    SEC Chair Looks for a Unified Crypto ‘Guideline Book’ to Stay Clear of Fragmented Regulation

    June 24, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    24  +    =  26

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.