Central Bank Cryptocurrencies Are Risky – Swiss National Bank’s Maechler

News | April 6, 2018 By:

Andrea Maechler, Swiss National Bank (SNB) Governing Board member, said Thursday that central bank cryptocurrency for the general public is not necessary to ensure an efficient system for cashless retail payments.

Maechler told an audience in Zurich that private-sector cryptocurrencies were better and less risky than any version that might be offered by a central bank.