Last week the Swiss National Bank’s chief economist Carlos Lenz stated the central bank has no plans to issue a central bank digital currency (CBDC) or digital franc. He was talking at a Swiss Bankers Association (SBA) press conference, which published a paper on the topic.
Earlier this month, it was revealed that the central bank is working with its counterpart in France to trial cross border payments using a wholesale CBDC for settling securities.
“But this is not an implementation at a production level,” said Lenz as reported by Handels Zeitung. “There are currently no plans to introduce digital central bank money. This also applies to the wholesale area.”
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