Risks outweigh the benefits of a Swiss CBDC

Andréa Maechler, a member of the governing board for the Swiss National Bank, or SNB, has reportedly altered her position on the central bank issuing a digital franc. According to a Tuesday report from Reuters journalist John Revill, Maechler said officials at the country’s central bank “believe the risks outweigh the benefits” when it comes … Read more

70% of Jamaica population to adopt CBDC in 5 years

Central bank digital currency (CBDC) evolved into a hot topic in Jamaica when the country’s central bank successfully completed the first pilot test in early January. Following the tests, the country’s prime minister, Andrew Holness, spoke confidently about CBDC adoption in the country. Holness has predicted the majority of the Jamaican population would be quick … Read more