Switzerland’s central bank has concluded phase two of its wholesale CBDC test in conjunction with the BIS and commercial banks.
The Swiss National Bank has successfully tested the integration of a wholesale central bank digital currency settlement with commercial banks.by the Bank for International Settlements on Thursday, the successful trial was a major part of the second phase of Project Helvetia that aims to integrate tokenized financial assets with mainstream markets.
The BIS joined five commercial banks — Goldman Sachs, Credit Suisse, Citi, UBS, and Hypothekarbank Lenzburg — as well as the Swiss stock exchange platform SIX to carry out the test. In December 2020, theThe trial test which took place in Q4 2021 involved issuance, redemption, and the use of CBDCs for securities settlements both within and outside Switzerland.
Several central banks are currently studying or testing retail and wholesale CBDCs with global financial bodies like the BIS
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
BIS, Swiss National Bank, SIX Exchange Complete Wholesale CBDC TrialNEW: BIS_org, SNB_BNS_en and sixgroup have successfully wrapped a trial run of a wholesale CBDC in Switzerland. IanAllison123 reports
Lire la suite »
Visa and ConsenSys team up on CBDC techVisa has teamed up with blockchain tech provider ConsenSys in order to develop new infrastructure for CBDCs.
Lire la suite »
New legislation before Congress would bar the Fed from holding retail accounts for a CBDCEmmer said, 'the Fed does not, and should not, have the authority to offer retail bank accounts.'
Lire la suite »
House of Lords Committee Sees 'No Convincing Case' for UK CBDC'While a CBDC may provide some advantages, it could present significant challenges for financial stability and the protection of privacy,' the committee said.
Lire la suite »
UK Economic Affairs Committee unconvinced by prospect of retail CBDCThe House of Lords Economic Affairs Committee published a candid report on the prospect of a UK digital pound following consultations with banking and blockchain leaders. Story by tomfarrencrypto
Lire la suite »
Visa Teams Up With ConsenSys to Connect CBDC Networks With Existing Payment RailsCBDCs are a hot top topic among regulators worldwide. As such, Visa and ConsenSys will let their consumers use CBDC-linked Visa cards or digital wallets.
Lire la suite »