Swiss Central Bank: No digital currency until blockchain looks different

[Henrikbliss]

Board director of the Swiss National Bank (SNB), Thomas Moser, has stated that cryptocurrencies and blockchain technology need more clarification before the bank would consider issuing a digital franc, swissinfo.ch reported.

Speaking at the Crypto Valley blockchain conference in Zug, Moser compared blockchain in its present condition with the “useless innovation” of compact discs (CDs):

                    “Something similar has to happen with bitcoin. People will only switch to something new if it works better or is cheaper.”

Moser noted that the SNB is more concerned about the potential impact on financial stability and monetary policy posed by digital currencies.

Read More: https://news.bitzamp.com/swiss-central-bank-no-digital-currency-until-blockchain-looks-different/