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The government of Switzerland has requested a report investigating the possible risks and benefits of launching its own, state-backed cryptocurrency, the ‘e-franc’. The request must be approved by the lower house of the Swiss parliament before it will be allowed to move forward.
“The Federal Council is aware of the major challenges, both legal and monetary, which would be accompanied by the use of an e-franc,” said Vice President of the Swiss Social Democratic party, Cedric Wermut, in response to the request. “It asks that the proposal be adopted to examine the risks and opportunities of an e-franc and ... (read more)