BIS And Swiss National Bank Announce Findings of CBDC Pilot Program
Source Node:
https://beincrypto.com/bis-and-swiss-national-bank-announce-findings-of-cbdc-pilot-program/
The Bank for International Settlements (BIS) and the Swiss National Bank (SNB) have released the first set of findings from Project Helvetia, a proof-of-concept experiment that aims to demonstrate that the Swiss franc can be tokenized as a Central Bank Digital Currency (CBDC). Revealed on Dec 3, the BIS claims the results demonstrate the operational feasibility and legal workability of a digital franc used only for interbank settlement on a blockchain testnet. Project Helvetia Background In the works since 2019, the collaboration brought together the BIS, SNB, and financial market