Swiss central bank, BIS plan to test digital currency by the end of this year
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) plan to test a central bank digital currency (CBDC) by the end of this year.
BIS official Benoit Coeure revealed the plan on Sunday at the Bund Summit held in Shanghai, as reported by the Chinese news outlet The Paper. Coeure said the Swiss central bank and the BIS would issue a CBDC “in the proof-of-concept stage” by the end of 2020.
