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Swiss National Bank Will Do a Test Run of CBDCs

During the Point Zero Forum banking conference held in Zurich yesterday, the upcoming launch of a Swiss CHF-based CBDC was announced by Thomas Jordan, the chairman of the Swiss National Bank (SNB). Although no exact date has been put forth by the bank, the chairman of the SNB announced that the CBDC would be released sooner rather than later. This seems in line with earlier statements from the BIS – who often work closely with the SNB – who planned to have a working prototype ready by mid-2023 as part of Switzerland’s research into cryptocurrencies, codenamed Project Tourbillon. According to Jordan, the CBDC will be available – for a limited time only – on SIX Digital Exchange.

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