{"id":80890,"date":"2023-06-28T12:52:24","date_gmt":"2023-06-28T09:52:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80890"},"modified":"2025-09-11T19:42:35","modified_gmt":"2025-09-11T16:42:35","slug":"swiss-national-bank-to-launch-pilot-wholesale-cbdc-project","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/swiss-national-bank-to-launch-pilot-wholesale-cbdc-project\/","title":{"rendered":"Swiss National Bank to Launch Pilot Wholesale CBDC Project"},"content":{"rendered":"

The Swiss National Bank (SNB) will soon issue a wholesale national digital currency on the SDX exchange as part of a pilot project, the chairman Thomas Jordan said, according to Reuters<\/a>.<\/p>\n

\n

\u00abThis is not just an experiment. These will be real money, equivalent to bank reserves. The aim is to test transactions with <\/em>CBDC<\/em><\/a> with market participants\u00bb,<\/em> \u2014 an official explained.<\/p>\n<\/blockquote>\n

The pilot project is for a limited period.<\/p>\n

Jordan highlighted potential risks of retail CBDCs for the financial system and challenges in controlling their use.<\/p>\n

\n

\u00abFor now we are cautious. The central bank does not rule out that it may never implement a retail-oriented digital franc\u00bb<\/em>, \u2014 he added.<\/p>\n<\/blockquote>\n

Andrea Maechler, a member of the SNB’s governing board, doubted the disappearance of cash in Switzerland.<\/p>\n

\n

\u00abThis is the only way retail households can store funds in an accessible form. This function should be supported regardless of the technology\u00bb,<\/em> \u2014 she explained.<\/p>\n<\/blockquote>\n

As reported in November 2021, the SNB announced the technical readiness to launch a CBDC<\/a>. Prior to that, central-bank officials had spoken of the absence of necessity<\/a> for a digital franc.<\/p>\n

In 2022, Jordan ruled out<\/a> buying and holding Bitcoin as a reserve currency.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Swiss National Bank will soon issue a wholesale national digital currency on the SDX exchange as part of a pilot project, according to its chairman Thomas Jordan.<\/p>\n","protected":false},"author":1,"featured_media":80891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,468],"class_list":["post-80890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-switzerland"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=80890"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80890\/revisions"}],"predecessor-version":[{"id":80892,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80890\/revisions\/80892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/80891"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=80890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=80890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=80890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}