Today globally, every country is intending to create a benchmark by the launch of its central bank digital currency (CBDC). Gearing up to follow up on the ongoing trend, the central bank of Switzerland, the Swiss National Bank with the Bank Of International Settlements (BIS), is planning to test a central bank digital currency by the end of 2020. As per the sources, the BIS and Swiss Central Bank, are likely to issue a CBDC “in the proof-of-concept stage” by the end of 2020.