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Learning & News => News related to Crypto => Topic started by: newshunter on December 15, 2019, 07:00:19 PM

Title: Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
Post by: newshunter on December 15, 2019, 07:00:19 PM

Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits

The Swiss government has quashed the idea of offering a digital currency, saying it currently presents more problems than opportunities

Source: Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits (https://cointelegraph.com/news/swiss-government-quashes-e-franc-says-current-risks-outweigh-benefits)

Would appreciate your opinion about this

Title: Re: Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
Post by: Fenix on December 16, 2019, 06:05:59 AM

The government and central bank of Switzerland are simply very cautious. Switzerland is now a world safe, where all the wealthy people of the world keep their savings and the government does not risk breaking the existing balance in the field of finance. Remaining cryptocurrency friendly, they decided to watch the further development of events there. If cryptocurrency is to be used by increasing demand and trust, then this government will also take further steps towards its development.

Title: Re: Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
Post by: Noverteno on December 18, 2019, 09:31:41 PM

I do not quite understand what risks the state poses with their own stable coin, that is, their digitized ordinary currency. Are they afraid of hacker attacks? So non-cash currency is also subject to them. Switzerland is a very conservative state in terms of finances. For them, this status is more important and therefore they prefer to exclude even the least risk. When most states use their stable coins, Switzerland will do the same.