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Switzerland: the SNB and the BIS will consider Blockchain currency

The Swiss national Bank (SNB) and the Bank for international settlements (BIS) on 8. October signed an agreement. You agree to devote two innovation Hubs in the

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Switzerland: the SNB and the BIS will consider Blockchain currency

The Swiss national Bank (SNB) and the Bank for international settlements (BIS) on 8. October signed an agreement. You agree to devote two innovation Hubs in the field of Blockchain technology. In focus: a digital Central Bank currency.

By Phillip Horch
9. October 2019BTC$8.188,23 examine 0.29%part Facebook Twitter LinkedIn xing mail

The Bank for international settlements (BIS), as well as the Swiss national Bank (SNB), the possibilities of a digital Central Bank currency on a Blockchain-based. Because the technology is under Bitcoin and other crypto-currencies, it can also serve as the basis for a digital Central Bank money. To be just their properties, in a transparent, tamper-proof and verifiable, make you suitable here.

As the SNB and the BIS in a press release, announced, plan for the investigation of "key technology Trends" in the field of Central banks, corresponding to the centres ("Hubs") in Switzerland, Hong Kong and Singapore to set up.

The Blockchain Hub in Switzerland, will initially focus on two points. The first one has. said block chain-based solutions for Central Bank money in the visor:

A new Form of the digital Central Bank money would aim to facilitate the processing of the tokenized Assets between financial institutions [...] The project is carried out in the framework of a collaboration between the SNB and SIX Group in the Form of a Proof of Concept.

The second project is to examine the challenges to Central banks when it comes to electronic markets. These challenges from both the progressive automation and fragmentation of the financial markets ends mixed as well as the increased use of new technologies. Thomas J. Jordan, Chairman of the governing Board of the Swiss national Bank:

The national Bank, the digitisation of the financial sector and the technological innovations in the supervised areas and followed for some time the attention of. Through the cooperation in the Innovation Hub Centre, in Switzerland, the SNB can expand its competence in the area of financial markets and their infrastructure. We look forward to strengthen our cooperation with the BIS and other Central banks in this area.

Bitcoin and Blockchain in the SchweizIn the past is brought to Switzerland more in the focus of the Bitcoin Community. The establishment of the Libra project from the house of Facebook made here for discussions. Most recently, Thomas Jordan, head of the Swiss Central Bank, spoke critically about the project and saw it as a threat to monetary policy. [Display] buy Bitcoin with the Bitwala account. Why have a Bank account with Bitwala? A Bank account is “Made in Germany” with protection of deposits up to 100,000 euros; 24/7 Bitcoin trading with faster liquidity; trading only ‘real’ Bitcoin has no financial derivatives such as CFDs; Secure users of lift-off control of the Bitcoin Wallet and the private key; With the contactless Debit Mastercard worldwide, and pay.

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Bitcoin and other crypto-currencies of the Alpine Republic, however, open. So you can buy approximately for some time at Ticket vending machines of the Swiss Federal Railways Bitcoin.

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