The head of the Swiss National Bank (SNB) has announced that the bank will launch a wholesale central bank digital currency (wCBDC) pilot project,...

Helvetia Insurance coverage goes one step additional by way of comfort and digitalization: Questions relating to insurance coverage subjects can now be answered by...

The Bank of International Settlements (BIS) Innovation Hub has just unveiled its 2023 priorities, focusing on stablecoins, central bank digital currencies (CBDC), data monitoring,...

Reading Time: 2 minutes Unique in its intersection of Indian and global art, culture and technology, EyeMyth Festival explores present and future cases of immersive storytelling and new media. It brings together young creative professionals, artists and performers from India, South Asia & the Global Media Arts space. The 2022 edition of the festival […]

Inacta Group, Zug (Inacta) starts the New Year with fundamental innovations. Founded in 2009 by Marco Bumbacher and Ralf Glabischnig, Inacta is an expert partner for digital transformation and innovation. Swiss banks, insurers, and real estate companies equally rely on Inacta’s digitalisation expertise. Over the past five years the company has focussed on blockchain and […]

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The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day-to-day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, saying a […]

Read full post Swiss National Bank is not in favor of issuing a retail CBDC. on Chaintimes.com.

Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the experiment.

The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks […]