Cryptocurrencies
Swiss Say They Were Successful With Digital Currency Experiment
- Some major central banks looking into issuing digital currency
- SNB’s Maechler says experiment isn’t a commitment to issuing
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The Swiss National Bank and partner organizations said they successfully conducted experiments to push forward understanding of how digital currencies could work within the country’s financial system.
In ‘Project Helvetia’ the SNB, the Bank for International Settlements and the financial infrastructure operator SIX linked the existing interbank payment system to a distributed ledger, according to a joint press release Thursday. They also tested issuing digital currency onto a blockchain-like platform.