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Darf die Nationalbank kryptobasierte Sichtguthaben (wCBDC) ausgeben?
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
ID 4694587
Author(s) Zellweger-Gutknecht, Corinne
Author(s) at UniBasel Zellweger-Gutknecht, Corinne
Year 2023
Title Darf die Nationalbank kryptobasierte Sichtguthaben (wCBDC) ausgeben?
Journal SZW Schweizerische Zeitschrift für Wirtschafts- und Finanzmarkrecht
Number 2
Pages / Article-Number 214-230

This article examines whether the current monetary law provisions permit the issuance of wholesale central bank digital currency (wCBDC) by the Swiss National Bank. After interpreting the relevant competence provisions, the question can in principle be answered in the affirmative, since wCBDC is not a new, third type of central bank money (in addition to banknotes and traditional sight deposits), but merely an alternative representation of sight deposits using new technology. Within certain limits, the SNB therefore enjoys broad discretion in deciding whether and when to use which form of representation of sight deposits to fulfill its mandate.

ISSN/ISBN 1018-7987
Full Text on edoc

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