Swiss Central Bank Ready to Run With wCBDC in January: ‘Just Takes a Policy Decision’

Posted on by American Coins & Gold

Swiss Central Bank Ready to Run With wCBDC in January: ‘Just Takes a Policy Decision’
The Swiss National Bank (SNB) says it will technically be ready to launch a wholesale central bank digital currency (wCBDC) in January of next year, using Switzerland’s newly-licensed Six Digital Exchange (SDX).While it’s the retail-facing version of a CBDC that tends to grab most attention, the argument for wCBDC, designed to clear and settle wholesale payments, is compelling and less complicated to deploy in most cases.Switzerland has been public about not opting for a retail CBDC, and whether SNB decides to launch a wCBDC remains a policy decision, said Thomas Moser, a member of the SNB’s governing board. But the…