In a new working paper the Swiss Bankers Association identifies challenges for banks. Nevertheless it argues that

[a]ny conclusion that the status quo is the least risky option seems premature and shortsighted.

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The introduction of digital currencies and design questions regarding payment methods and infrastructure represent strategic business as well as political challenges on which public authorities and business must take a productive position. An informed discussion on the design and implementation of digital currencies is essential. It is time for the general public to consider these issues and drive the opinion-forming process.