It seems not all countries have given up on the idea of creating their own national cryptocurrencies. For Switzerland, the current plan of action involves looking into a state-backed “e-franc”. The Swiss government may commission a report on the risks and opportunities associated with launching such a cryptocurrency in the future. The Swiss E-Franc Plan Over the past few years, various countries and central banks have made it clear that they are contemplating issuing national cryptocurrencies. So far, most of those plans have been put on the back burner indefinitely, but that doesn’t mean all governments have given up on the idea. Switzerland, a countryPowered by WPeMatico
Reuters reported Switzerland is formally considering the possibility of a state-backed cryptocurrency. Its government has asked legislators commission a study on the pros and cons of a Swiss “e-franc.” Also read: Alec Baldwin’s Lambo Movie Backed by Crypto Tech Switzerland Considers State Backed E-Franc Switzerland’s Federal Council explained why it was asking for a formal […]