Swiss Central and Commercial Banks Collaborate with SIX Swiss Exchange to Launch Wholesale CBDC Pilot
The Swiss National Bank (SNB) has embarked on a collaborative venture with six commercial banks and the SIX Swiss Exchange to explore the use of wholesale central bank digital currencies (CBDCs), launching a project referred to as the Swiss franc wCBDC. This initiative, known as Helvetia Phase III, is set to evaluate the practicality of […]
Project Mariana: Final Report Confirms Successful Cross-Border Trading Of Wholesale Central Bank Digital Currencies (wCBDC)
The Bank for International Settlements (BIS) in collaboration with the central banks of France, Singapore, and Switzerland has successfully trialed cross-border transactions using wholesale central bank digital currencies (wCBDC). This was revealed in a report released on Thursday. You can download it here. Under the banner of Project Mariana, a prototype was developed using simulated […]
Swiss National Bank Set to Launch Digital Interbank Money Pilot by end of year, Says Thomas Moser in Interview
Switzerland’s central bank, the Swiss National Bank (SNB), is actively incorporating decentralised finance technology into traditional finance and considering the issuance of digital money for broader circulation, according to Thomas Moser, an Alternate Governing Member of the SNB. In an interview with finews.tv, Moser revealed that the SNB plans to introduce digital interbank money as […]
SNB to launch digital currency pilot
Source: Reuters The Swiss National Bank (SNB) is to issue a wholesale central bank digital currency (CBDC) on Switzerland’s SIX digital exchange as part of a pilot, the central bank’s chairman said at a conference in Zurich on Monday. “This is not just an experiment, it will be real money equivalent to bank reserves and […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
Switzerland planning stablecoin and live wholesale CBDC pilots
Source: Ledger Insights Last week the Swiss National Bank (SNB) outlined its Swiss payments vision. The central bank has already conducted various wholesale central bank digital currency (CBDC) tests. Now it plans to issue a real wholesale CBDC on the SIX Digital Exchange (SDX) for a limited time. It is also exploring a private token […]
David Chaum Rolls Out Privacy-Protecting CBDC Technology
Source: Coindesk Will central bank digital currencies (CBDCs) replace cash and bank transfers in the future? And will they be an ultimate tool for financial surveillance and control, or is another, more benign future possible? David Chaum, creator of the Bitcoin predecessor eCash and, more recently, the Elixxir cryptocurrency, believes the democratic world can have a version of […]
BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols
Source: BIS The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. It will seek to examine the potential […]
Protecting Privacy in New Forms of Digital Money
About the event The Digital Pound Foundation is holding the first in its planned series of Roundtable events on Wednesday 21st September at 3pm BST. The purpose of the Roundtables is to bring together experts and industry practitioners in exploring real, practical solutions to the challenges and opportunities arising from the emergence of new forms […]
Using CBDCs across borders: lessons from practical experiments
