The Swiss National Bank is willing to expand its digital currency project
Antoine Martin, a member of the board of directors of the Swiss National Bank, said at the Point Zero Forum event in Zurich that the Swiss National Bank is willing to expand its central bank's digital currency pilot project. We hope to see the pilot project continue to grow, with more banks joining and transaction volume increasing.
The Swiss National Bank said last month that it would continue to offer central bank digital currencies (CBDCs) for at least two more years and extend a pilot program called Project Helvetia III that began last year. Six banks, including UBS and Commerzbank, are already involved in the program, which has issued six digital currency bonds worth a total of 750 million Swiss francs (830.38 million dollars).