Auto Added by WPeMatico

Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.…

Continue ReadingSwiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’

Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves

The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest…

Continue ReadingSwiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves

Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial

Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project…

Continue ReadingCentral Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial

Australia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments

The central banks of Australia, Singapore, Malaysia, and the Republic of South Africa have set out to test the use of state-issued digital currencies in cross-border payments. The trial, led…

Continue ReadingAustralia, Singapore, Malaysia, and South Africa to Trial Cross-Border Digital Currency Payments