By Swiss National Bank still sees no case for central bank digital currency By Reuters
Breaking News
‘;
Economy 26 minutes ago (Nov 10, 2022 13:27)
© Reuters. FILE PHOTO: The building of the Swiss National Bank (SNB) is pictured in Bern, Switzerland June 16, 2022. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – The Swiss National Bank currently sees “no compelling advantage” to introducing digital central bank money for the general population, governing board member Andrea Maechler said on Thursday.
“We have taken quite a strong position,” Maechler told a Swiss Finance Institute event in Zurich, saying such a move could lead to the public holding accounts with the central bank as well as with commercial banks.
If customers became “worried or mad with a particular bank, you could transfer the money overnight to the SNB,” Maechler said. “This would add a lot of risk and volatility to the system which is ultimately not needed.”
Swiss National Bank still sees no case for central bank digital currency
By Emma Farge GENEVA (Reuters) – The United Kingdom faced a barrage of questions and criticism of its migration and poverty policies in a United Nations review of its human rights…
By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to…
By Georgina Lee and Tom Westbrook HONG KONG/SINGAPORE (Reuters) -Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors…
Terms And Conditions
Privacy Policy
Risk Warning
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
