Swiss Government Quashes ‘E-Franc,’ Says Current Risks Outweigh Benefits
Ana Alexandre's original article for cointelegraph.com reduced by 73%
The government of cryptocurrency-friendly Switzerland has shot down the idea of issuing a digital Swiss franc, for now. According to a Dec. 13 press release published on the Federal Council's website, the Federal Council approved a report exploring the opportunities and risks of issuing a digital form of the country's national currency, the franc.
The Swiss National Bank shares the government's view, arguing that the new risks to monetary policy and financial stability would pose a major challenge.
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