The Swiss National Bank (SNB) does not consider it necessary to launch a digital currency.
The chief economist of the Central Bank, Carlos Lenz, announced there is no need for a digital franc.
The current financial system of the state works fine even without a token. In parallel, Lenz criticized blockchain technology, calling it ineffective.
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The economist mentioned: "I don't think decentralized solutions are ideal for us."
For the first time, the Swiss authorities announced their intention to launch a national digital currency at the end of 2019. The country's parliament appealed to the government with an appeal to develop a CBDC concept and submit a plan for the implementation of a project to create and implement a token.
This statement was made by lawmakers against the background of the readiness of many countries, primarily China, to create digital versions of their fiat currencies.