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The Swiss National Bank (SNB) has ruled out issuing a central bank digital currency (CBDC) for everyday use by the public.
SNB Chairman Thomas Jordan said current payment options offered by private companies are sufficient for consumers and businesses. He also expressed concerns that a public CBDC could disrupt the existing financial system.
However, the SNB is exploring the potential of a wholesale CBDC, a digital form of Swiss francs used for transactions between banks.
https://www.investomania.co.uk/swiss-national-bank-rejects-public-digital-currency/
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Top AI Executives are now officially anticipating a large-scale event, most likely a cyberattack, that shuts down access to financial services, internet connectivity, and even power and water. We need to prepare for this scenario right now.
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