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Swiss National Bank's Jordan against issuing retail cenbank digital currency
The Swiss National Bank sees no need for a central bank digital currency (CBDC) to be issued to the general public, Chairman Thomas Jordan said on Monday. "Consumers and businesses already have access to a wide range of efficient and innovative payment instruments offered by the private sector," Jordan told an event in Zurich, in remarks that addressed a product known as a retail CBDC. "Retail CBDC could fundamentally alter the current monetary system and the role of central banks and commercial banks, with far-reaching consequences for the financial system," he said, with the risks outweighing any potential ... (full story)
