Swiss National Bank (SNB) extends Project Helvetia III, a wholesale CBDC pilot, for at least two more years.
The Swiss National Bank (SNB) is open to expanding its digital currency pilot project with wholesale central bank digital currencies, according to governing board member Antoine Martin. The SNB will continue providing a wholesale CBDC for at least two more years, extending Project Helvetia III which began last year. Six banks, including UBS and Commerzbank, are already participating in the project.
July 03, 2024
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