{"id":3356,"date":"2023-06-28T06:41:36","date_gmt":"2023-06-28T04:41:36","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=3356"},"modified":"2023-06-28T06:41:36","modified_gmt":"2023-06-28T04:41:36","slug":"switzerland-to-test-its-digital-currency","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=3356","title":{"rendered":"Switzerland to test its digital currency"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Swiss National Bank Chairman Thomas Jordan said Monday that the institution will soon issue a central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange, Switzerland&#8217;s financial market infrastructure provider.<\/p>\n<p>The experimental Swiss CBDC is designed for use by large financial institutions and will be part of a pilot program.<\/p>\n<p>&#8220;This is not just an experiment, it will be real money equivalent to bank reserves,&#8221; Jordan said. &#8220;The objective is to test real transactions with market participants.&#8221;<\/p>\n<p>That said, Switzerland&#8217;s central bank said it is not yet ready to create a retail-facing digital franc.<\/p>\n<p>18 countries across the globe are currently conducting CBDC pilot programs, according to the Atlantic Council\u2019s Central Bank Digital Currency Tracker.<\/p>\n<p>International Monetary Fund Chief Kristalina Georgieva said a week ago the IMF is working on a global platform to make the CBDCs launched by governments around the world more interoperable.<\/p>\n<p>It seems that the basis for a new global single currency, this time digital, is being set up right now. <\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Swiss National Bank Chairman Thomas Jordan said Monday that the institution will soon issue a central bank digital currency (CBDC) for wholesale payments on the SIX Digital Exchange, Switzerland&#8217;s financial market infrastructure provider. The experimental Swiss CBDC is designed for use by large financial institutions and will be part of a pilot program. &#8220;This is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-3356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3356"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/3356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/3357"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}