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Tag Archives: Swiss National Bank

Swiss National Bank Raises Interest Rate by 50 Basis Points amid Banking Crisis

According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term. The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by the SNB earlier today, the benchmark interest rate is now pegged at 1.5% in what the regulator tagged as its attempt to stem the soaring inflation rate. “The SNB is tightening its monetary policy...

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Deutsche Bundesbank: Petition fordert Bitcoin-Investment

Eine Petition verlangt, dass die Deutsche Bundesbank eine „strategische Bitcoin-Position“ aufbaut. Eine Petition verlangt, dass die Deutsche Bundesbank eine „strategische Bitcoin-Position“ aufbaut. Das ist inetwa so, wie wenn in der Schweiz eine Petition verlangen würde, dass die Schweizer Nationalbank direkt in Bitcoin investiert. Eine interessante Sache und wer weiss, vielleicht hat diese Grassroot-Bewegung ja bald Erfolg und die...

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DCHF: Sygnum Bank launches digital Swiss franc token

Sygnum Bank, a Swiss-based digital asset banking and securities dealer, today announced the launch of its digital CHF token (DCHF). This CHF-pegged settlement token is the first to be issued by a regulated Swiss bank with a full digital asset banking suite. Sygnum’s DCHF is a key component for leveraging the advantages of DLT-based financial infrastructure, including immediate delivery vs payment (T=0) and no counterparty risk, thereby transferring value more efficiently The...

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Bank of England and Five Other Central Banks to Assess Benefits of CBDC

It has become known that United Kingdom premier Boris Johnson’s government has lost its first parliamentary votes since the snap general election because the House of Lords applied three defeats over Brexit legislation.The upper chamber voted in favor of giving physical documents as proof of their right to stay to EU citizens who live in the UK to be, once the country has left the bloc. On January 17, European Parliament Brexit coordinator Guy Verhofstadt said that the country will not...

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Swiss Central Bank Dreads Scary Foreign Stablecoin Crypto

Switzerland's central bank is running scared over its control on monetary policies in the face of stablecoins pegged to foreign currencies. | Source: Shutterstock; Edited by CCNSwitzerland’s central bank is fretting over the possibility of stablecoins pegged to foreign currencies eroding its ability to use its monetary policy tools effectively, further complicating the path for cryptocurrency projects such as Libra.This was revealed by the chairman of the governing board of the Swiss...

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