Swiss Central Bank Official talks on CBDC

Cryptocurrency Exchange News

Andrea Maechler, governing board member of Swiss National Bank, has stated that the privately owned cryptocurrencies are less risky than the central bank-backed digital currency (CBDC). She quoted that the Digital central bank money would deliver scarcely any advantages, but would give rise to incalculable risks with regard to financial stability.” She emphasized that they lack the characteristics of traditional money.

Leave a Reply

Your email address will not be published. Required fields are marked *