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‘The risks outweigh the benefits’ of a Swiss CBDC, says SNB governing board member -Breaking

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Andréa Maechler, a member of the governing board for the Swiss National Bank, or SNB, has reportedly altered her position on the central bank issuing a digital franc.

Maechler is the topic of a Tuesday report by John Revill (Reuters journalist). officials at the country’s central bank “believe the risks outweigh the benefits” when it comes to CBDCs. According to the member of the national governing board, the use of a digital currency by the general population in everyday transactions will likely hinder financial inclusion in Switzerland. The country has a large working population that already has bank accounts.