Yesterday, the Swiss National Bank (SNB)
announced that it has signed an operational agreement with the Bank of International Settlements (BIS) to explore digital currencies. A BIS Innovation Hub Centre will be established in Switzerland, where the central bank and stock exchange owner SIX will collaborate on blockchain-based digital assets.
The BIS plans to launch Innovation Hub Centres in Hong Kong, Singapore, and Switzerland for central bank technology projects. The Swiss branch will focus on central bank digital currency (CBDC) and monitoring markets in real-time.
“The SNB has for some time been closely following the digitalisation of the financial sector and technological innovations in the areas covered by its mandate,” stated Thomas Jordan, Chair of the SNB’s Governing Board.
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