Sector Regulation Sector Regulation

State-backed digital currency could cut wholesale financial-market costs, Swiss trial suggests

By Jack Schickler
  • 13 Jan 2022 04:30
  • 13 Jan 2022 04:30
State-backed digital currency could cut costs in the wholesale financial trades made by investment banks, according to the results of a Swiss financial-technology experiment published today (see here).

In the UK, lawmakers have poured cold water on the benefits of a digital pound for everyday users (see here) — but Project Helvetia, involving

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