Central Bank of Switzerland and BIS will start testing the state cryptocurrency by the end of the year
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) plan to start testing the state digital currency by the end of this year. This was announced by Benoît Cœuré, Chairman of the BIS Innovation Center, at a conference in Shanghai. He said the Proof-of-Concept (PoC) will allow researchers to experiment with government digital currency, use it for retail payments, as well as study interactions with existing payment systems and monitor compliance with…
