NEW: BIS_org, SNB_BNS_en and sixgroup have successfully wrapped a trial run of a wholesale CBDC in Switzerland. IanAllison123 reports
Switzerland is practically ready to launch a wholesale central bank digital currency .
Also included in the prototype were five commercial banks: Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS. A report issued earlier today by the U.K.’s House of Lords Economic Affairs Committee concluded that a retail-facing CBDC might be “a solution in search of a problem.” However, the Lords report was more optimistic about the introduction of a wholesale CBDC, which could “enhance efficiency in securities trading and settlement,” adding that “further exploration and experimentation are necessary.
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