Swiss National Bank to Issue Central Bank Digital Currency for Wholesale Payments on SIX Digital Exchange

June 26 (Cointime) - The Swiss National Bank plans to issue a central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange. The CBDC will be part of a pilot program and is designed for use by financial institutions. It will be equivalent to bank reserves and the objective is to test real transactions with market participants.

Switzerland joins a growing list of countries, including China, India, and Australia, that have begun piloting CBDCs. The pilot program will launch soon and run for a limited amount of time.

Central Bank Digital Currency

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

ON–313: Aggregators

Coverage on Jupiter, 1inch, CoW Swap, KyberSwap, Symphony & Enso Jupiter, the biggest aggregator on Solana, has been on a steady rise to the top — on Jan. 20, 2025, total swap transactions reached an all-time high of 57.1M.
CointimeSG ·

BitVM Just Got A Massive Upgrade

The BitLayer Finality Bridge is Delivering On The Promises of BitVM - While still far from a fully trustless system, the progress made over the past year is remarkable
CointimeSG ·

Ether traders eye growth as options market leans bullish

Ether option markets are “leaning bullish,” with a “touch of caution” from large investors, as ETH faces significant downside volatility under $2,600, a Nansen research analyst told Cointelegraph.
CointimeSG ·

Control is the end game

Control, not just ownership, is the goal in Web3. Ownership alone is not sufficient in the decentralized future.
CointimeSG ·

Argentina Opposition Threatens Milei With Impeachment Over LIBRA Token Tweet: Reuters

An opposition lawmaker said the president should be impeached after promoting and then withdrawing his support for the token.
CointimeSG ·

'Not a Maxi Anymore:' Plan B Pivots to Bitcoin ETFs

Plan B, a bitcoin analyst who is famous for his stock-to-flow (S2F) price prediction model, has announced that he sold his tokens, pivoting to bitcoin exchange-traded funds (ETFs).
CointimeSG ·

Indian authorities seize $190M in crypto tied to BitConnect Ponzi scheme

Indian authorities have seized nearly $190 million worth of crypto tied to the notorious BitConnect Ponzi scheme, which collapsed in 2018.
CointimeSG ·

Exploring CARV's AI Chain Ecosystem

CARV is developing an AI Chain ecosystem that aims to enhance the intelligence of crypto agents by enabling access to data from over 9 million CARV IDs, while strengthening privacy protections and value capture for users. In January 2025, CARV introduced the CARV SVM Chain and D.A.T.A. Framework, foundational components of its AI Chain ecosystem providing infrastructure and enhanced decision making capabilities for agents.
The State Council Tariff Commission: Additional tariffs will be imposed on some imported goods originating from the United States

The State Council Tariff Commission issued a notice: with the approval of the State Council, tariffs will be imposed on some imported goods originating in the United States from February 10, 2025. A 15% tariff will be imposed on coal and liquefied natural gas, and a 10% tariff will be imposed on crude oil, agricultural machinery, large-displacement cars, and pickups. (Jinshi)
Thailand SEC plans to launch tokenized securities trading system

According to a report from the Bangkok Post on February 3, Jomkwan Kongsakul, Deputy Secretary-General of the Thai Securities and Exchange Commission, stated that token investment is increasingly being taken seriously, and regulatory agencies will allow securities companies to trade digital tokens to leverage their large investor base. Jomkwan Kongsakul said, "The SEC is using technology to improve the efficiency of the capital market by promoting the electronic securities ecosystem," adding, "New regulations will be introduced to promote the issuance of electronic securities and online purchase of bonds," which are medium- to long-term debt instruments that large companies use to borrow money.